List and briefly describe the three major types of forecasts that organizations use in planning future operations
What will be an ideal response?
The three types are economic, technological, and demand. Economic forecasts address the business cycle by predicting inflation rates, money supplies, housing starts, and other planning indicators. Technological forecasts are concerned with rates of technological progress, which can result in the birth of exciting new products, requiring new plants and equipment. Demand forecasts are projections of demand for a company's products or services.
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Travis Computing Systems earns most of its revenue from sales and in-person computer services. The sales force at Travis recently began telemarketing and Web selling. How would telemarketing and Web selling most likely benefit Travis?
A) The need for an outside sales force would be completely eliminated through telemarketing. B) Travis sales reps would be able to engage in more frequent face-to-face interaction with large, high-value customers. C) Travis sales reps would be able to service hard-to-reach customers more effectively. D) The overhead costs of Travis would significantly decrease. E) The current liabilities of Travis would decrease.
The cash flows of an annuity due occur at the beginning of each period
Indicate whether the statement is true or false.