When either the supply of raw materials or the demand for the finished product is highly variable,forecasting and the accompanying managerial decisions

A) are extremely simple.
B) are relatively straightforward.
C) are extremely difficult.
D) should not be attempted.

Question

Damilola Akinmade · Accepted Answer

Final Answer : C, Explanation :  When the supply of raw materials or the demand for products is highly variable, it becomes extremely challenging to forecast future demand, production levels, and other factors affecting decision-making. The high degree of uncertainty involved in such situations makes forecasting and related managerial decisions extremely difficult. Therefore, managers should use caution while making decisions based on such predictions.

When either the supply of raw materials or the demand for the finished product is highly variable,forecasting and the accompanying managerial decisions

A) are extremely simple.
B) are relatively straightforward.
C) are extremely difficult.
D) should not be attempted.

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Learning Objectives

Related questions

When either the supply of raw materials or the demand for the finished product is highly variable,forecasting and the accompanying managerial decisionsA) are extremely simple.B) are relatively straightforward.C) are extremely difficult.D) should not be attempted.

Definitions

Learning Objectives

Learning Objectives

Related questions

When either the supply of raw materials or the demand for the finished product is highly variable,forecasting and the accompanying managerial decisions

A) are extremely simple.
B) are relatively straightforward.
C) are extremely difficult.
D) should not be attempted.