The art and science of making projections about what future demand and conditions will be is
A) supply chain coordination.
B) forecasting.
C) aggregate planning.
D) revenue management.
E) pricing.

Question

Quizplus · Accepted Answer

The art and science of making projections about what future demand and conditions will be is called forecasting. This is an essential part of planning for any business or organization, as it helps to identify potential challenges and opportunities and to allocate resources effectively. Supply chain coordination, aggregate planning, revenue management, and pricing are all related concepts, but they are not specifically focused on making predictions about future demand and conditions.

The Art and Science of Making Projections About What Future