Because the factors governing demand for products are very complex, all forecasts of demand contain error.

Name: Because the factors governing demand for products are very complex, all forecasts of demand contain error.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

The statement is true as demand for products can be influenced by various factors such as consumer preferences, economic conditions, availability of substitutes, etc. Therefore, it's difficult to accurately predict demand, which results in forecasting errors.

Because the Factors Governing Demand for Products Are Very Complex