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What is the primary purpose of demand forecasting in an organization?
  • a)
    To set competitive prices.
  • b)
    To prepare budgets.
  • c)
    To fulfill organizational objectives.
  • d)
    To stabilize employment.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is the primary purpose of demand forecasting in an organization?a...
Demand forecasting primarily serves the purpose of fulfilling organizational objectives. It helps an organization align its plans and actions with market demand to achieve its predetermined goals. While it indirectly contributes to setting competitive prices, preparing budgets, and stabilizing employment, its primary focus is on goal achievement.
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What is the primary purpose of demand forecasting in an organization?a)To set competitive prices.b)To prepare budgets.c)To fulfill organizational objectives.d)To stabilize employment.Correct answer is option 'A'. Can you explain this answer?
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