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MGSC 395 Exam 3 | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+

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For what organizational decisions are demand forecasts used? : -long term(general forecast) -intermediate term(product family/service lines) -short term(detailed) What are the costs/risks of forecasts that are too high or too low? : Too high: -surplus of inventory -price markdown(blackfri.) -too many employees Too low: Not enough.. -product for demand -people working(bad customer service) 2 | P a g e What are characteristics of all forecasts? : -ALL wrong to some degree -"aggregate" are more accurate -"short-term" more a

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MGSC 395 Exam 3 | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+

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