In an expansionist strategy, if the demand is increasing and the time between increments increases, the size of the increments must: a. increase. b. increase or decrease depending on competitor actions. c. decrease. d. remain unchanged.

In an expansionist strategy, if the demand is increasing and the time between increments increases, the size of the increments must: a. increase. b. increase or decrease depending on competitor actions. c. decrease. d. remain unchanged.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 40P

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Forecasting in Business

Forecasting is the process of predicting the future based on the past and the present data and circumstances. In other words, forecasting is the act of making a detailed analysis of future events based on the decisions made in the past as well as the present. Forecasting plays a very important role in operational management as it helps in planning and decision-making. It is not only important for the success of a business but also contributes to individual growth and success. Many business organizations or companies have failed due to the shortcomings of their forecasting.

Question

In an expansionist strategy, if the demand is increasing and the time between increments increases, the size of the increments must:

a. increase.

b. increase or decrease depending on competitor actions.

c. decrease.

d. remain unchanged.

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