8 There are ______ stages in the process of developing a sales and operations planning (S&OP) plan. a four b five c six d seven     9 The objective of ______ is to ensure that there is sufficient manufacturing and distribution capacity to meet the demand forecasts. a operations planning  b financial planning c supply planning d demand planning 10 Which planning approach is appropriate for companies that produce a combination of products and services that require similar resources? a bottom-up  b top-down c aggregate d independent

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A: Acme Global will increase sales in 2020.

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A: Dan needs to make sure that his staff members execute their tasks successfully and efficiently…

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A: Controlling

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A: A method known as weighted scoring uses a numerical value based on the cost advantage or effort…

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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.