Question

1. Demand forecasting in the supply chain manages inventory ___________and requires accurate picture of what demand will be in future.

Select one: a. Reduction b. Balancing c. Increase d. Matching e. None of these

2. Defining characteristics of services does not include:

Select one: a. Uniqueness b. Labour intensive c. All of these d. None of these e. Superior value retention

3. The following are reasons for servitization, except

Select one: a. Securing market b. Product differentiation c. None of these d. Continuous improvement e. Eliminating competition

4. The ________________________factors of political, legal, labour and environmental issues can compromise the competitiveness of organisations

Select one: a. None of these b. Unpredicted c. External d. Recurring e. Challenging

Answer 1

As per the expert guidelines we have to answer only the first question.

1. The correct answer is option b. Balancing
Demand forecasting is know as a process during which historical sales are seen for developing an estimate of sales within the future.
Demand forecasting in supply chain manages inventory balancing and it also requires accurate picture of what the demand are going to be within the future.
Demand forecasting balances the inventory for meeting the customer demand without having the excess of it.