Which one of the following statements is NOT true about the forecasting in the service sector? A. Detailed forecasts of demand are not needed. B. Forecasting in the service sector presents some unusual challenges. C. Demand patterns are often different from those in non-service sectors. D. Hourly demand forecasts may be necessary.

Question

Social Studies

Nash Barber

23 April, 19:14

Which one of the following statements is NOT true about the forecasting in the service sector? A. Detailed forecasts of demand are not needed. B. Forecasting in the service sector presents some unusual challenges. C. Demand patterns are often different from those in non-service sectors. D. Hourly demand forecasts may be necessary.

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April Friedman · Answer 1

Answer: A. Detailed forecast of demand are not needed.

Explanation: Forecasting is an essential organizational ethic used to make future predictions based on past data and trend analysis.

Detailed forecast of demand are very essential in the service sector for reasons which include; forecasting demands ensures an organization can make a good estimate of what goods or service to get ready, The required labor or materials needed for production.

Having an estimate of the service demand and labor required will minimize the tendency of overproduction leading to losses or producing lesser than the demand of clients.