One of the important criteria of a good demand forecasting techniques is: A. Adaptability B. Growth ability C. strength ability D. Longevity or Durability
Question
One of the important criteria of a good demand forecasting techniques is: A. Adaptability B. Growth ability C. strength ability D. Longevity or Durability
Solution
The correct answer is A. Adaptability. A good demand forecasting technique should be adaptable to changes in the market, economic conditions, and consumer behavior. It should be flexible enough to adjust its predictions based on new data or changes in the business environment. While growth ability, strength ability, and longevity or durability can be desirable qualities in many business contexts, they are not specifically criteria for a good demand forecasting technique.
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