QuestionSeptember 20, 2025

What does demand forecasting help businesses avoid? Overproduction and losses due to perishability Having too many investors Paying back bank loans Employee turnover

What does demand forecasting help businesses avoid? Overproduction and losses due to perishability Having too many investors Paying back bank loans Employee turnover
What does demand forecasting help businesses avoid?
Overproduction and losses due to perishability
Having too many investors
Paying back bank loans
Employee turnover

Solution
4.4(275 votes)

Answer

Overproduction and losses due to perishability Explanation 1. Identify the main purpose of demand forecasting Demand forecasting predicts future customer demand to guide production and inventory decisions. 2. Link demand forecasting to business risks Accurate forecasts help avoid excess inventory, especially for perishable goods, reducing overproduction and losses.

Explanation

1. Identify the main purpose of demand forecasting<br /> Demand forecasting predicts future customer demand to guide production and inventory decisions.<br />2. Link demand forecasting to business risks<br /> Accurate forecasts help avoid excess inventory, especially for perishable goods, reducing overproduction and losses.
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