Forecasting and the accompanying managerial decisions are relatively simple when either the supply of raw materials or the demand for the finished product is highly unpredictable.

Question

Quizplus · Accepted Answer

Forecasting and managerial decisions become more challenging when both the supply of raw materials and the demand for the finished product are unpredictable. When one of them is predictable, it can serve as a base for forecasting and decision-making.

Forecasting and the Accompanying Managerial Decisions Are Relatively Simple When