What is the tactical or strategic purpose of: (a) short-term forecasts; (b) medium-term forecasts; (c) long-term forecasts?

Question:

What is the tactical or strategic purpose of:

(a) short-term forecasts;

(b) medium-term forecasts;

(c) long-term forecasts?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Selling And Sales Management

ISBN: 275523

11th Edition

Authors: Kenneth Le Meunier-FitzHugh

See More Books

Question Posted: May 04, 2024 09:35 PM

See More Questions

Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
If possible, completely factor the expressions in Problems 336. x - 7x + 12 X
Which of the following is not a type of carcinogen? a. Tobacco smoke b. Radiation c. Pollutants d. Viruses e. All of these are carcinogens.
Explore the consequences of replacing the equation of state of a perfect gas by the van der Waals equation of state for the pressure-dependence of the molar Gibbs energy. Proceed in three steps....
Park Company is considering two alternative investments. The payback period is 3.5 years for investment A and 4 years for investment B. (1) If management relies on the payback period, which...
Lucas has $ 2,000 that he wishes to invest for one year. He has narrowed his choices down to one of the following two actions: a1: Buy bonds of X Ltd., a company that has a very high debt equity...
an income statement with sales, variable expenses and fixed expenses. simple rate of return % and pay back period in years.
Evaluate the performance of each of Alternative Tyress salespeople.
Poor forecasting can lead to lost sales, stock markdowns and large inventories. Through the use of examples to illustrate your answer, justify this statement.
What product would you expect to obtain from each of the following reactions? a. b. c. CH3CH2CHCH CH2CH2COH CH COCH CH HCI CH OH CH CH COH 1. SOC2 2. AICI3 3. H20
1. What does Porter's 5 Forces analysis strategy do? 2. Do most people agree Why? or disagree with this aspect Why? Here is the reference video, https://www.youtube.com/watch?v=Dfp23xSqpdk 3. What...
14. (3 points) Using our model of the egg and vinegar (part one), what is the causal account in this model? Refer to your model and work through the components and relationships that cause this...
D. Rewrite the following statements from an "I Approach" to a "You Approach". (5 marks) 1. We have not received your signed invoice so we cannot process payment. 2. I need to know what type of model...
AP Precalculus Unit 1 Study Guide: Polynomials Name: Date: 19. The graph of an ODD function is given for the interval -6x0. Use the properties of odd functions to sketch the graph of the function on...
Step 1 of 5: Determine the lower class boundary for the second class. Scores on a Test Class Frequency 30-47 11 48-65 14 66-83 11 84-101 9 102-119 12
A recent study by Allstate Insurance Co. finds that 82% of teenagers have used cell phones while driving (The Wall Street Journal, May 5, 2010). In October 2010, Massachusetts enacted a law that...
Use the T account for Cash below to record the portion of each of the following transactions, if any that affect cash. How do these transactions affect the companys liquidity? Jan. 2 Provided...
The following details are provided by a manufacturing company. Investment Useful life Estimated annual net cash inflows for first year Estimated annual net cash inflows for second year Estimated...
Wildhorse Inc. issued $6 million of 10-year, 8% convertible bonds on June 1, 2020, at 99 plus accrued interest. The bonds were dated April 1, 2020, with interest payable April 1 and October 1. Bond...
Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in...

What is the tactical or strategic purpose of: (a) short-term forecasts; (b) medium-term forecasts; (c) long-term forecasts?

Question:

Step by Step Answer:

The tactical and strategic purposes of shortterm mediumterm and longterm forecasts vary based on the time horizon and objectives of the forecasting exercise Heres how each type of forecast serves diff...View the full answer

Selling And Sales Management

Students also viewed these Business questions