Current information on _________ can have a significant impact on forecast accuracy:
A)prices
B)promotion
C)inventory
D)competition
E)all of the above

Question

Quizplus · Accepted Answer

All of the above factors - prices, promotion, inventory, and competition - can have a significant impact on forecast accuracy. Prices impact consumer demand and can affect sales volume, while promotion can influence consumer behavior and create temporary spikes in sales. Inventory levels are critical because inaccurate inventory reporting can lead to stockouts or overstocks, which can impact revenue and profitability. Finally, understanding the competitive landscape and how competitors are approaching pricing, promotion, and inventory can help companies make more informed decisions about their own strategies.

Current Information on _________ Can Have a Significant Impact on Forecast