NEW HERE? USE "AFORUM20" TO GET GET 20 % OFF CLAIM OFFER

UK: +44 748 007-0908 USA: +1 917 810-5386
My Orders
Register
Order Now

Knowing (or estimating) the product demand

Why is knowing (or estimating) the product demand so crucial for a firm? What are the differences between estimating and forecasting demand? In your response, include an example of a business that has suffered from poorly forecasting the demand of its products. Evaluate how or why the business made such a mistake.