IDNStudy.com, ang iyong mapagkukunan ng eksaktong at maaasahang mga sagot. Hanapin ang impormasyon na kailangan mo nang mabilis at madali sa pamamagitan ng aming komprehensibo at eksaktong platform ng tanong at sagot.
Answer:
Demand forecasting is so pivotal because it allows a business to set correct inventory levels, price their products correctly, and understand how to expand or contract their future operations. Poor forecasting can lead to lost sales, depleted inventory, unhappy customers, and millions in lost revenue.
The force of demand and supply determines the price of a product in the target market. If the price is higher, then the demand for the product is lower and hence the suppliers reduce the price of the product in order to increase the demand.