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.

Question

Quizplus · Accepted Answer

The art and science of making projections about what future demand and conditions will be is referred to as forecasting. Supply chain coordination involves managing the flow of goods and services from suppliers to customers. Aggregate planning involves planning production levels and inventory levels based on demand forecasts. Revenue management involves setting prices and allocating resources to maximize revenue. Out of these options, forecasting is the most appropriate answer for the given scenario.

The Art and Science of Making Projections About What Future