Type of qualitative forecasting

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Reference no: EM132262891

1. When there is not a lot of currently relevant data available it is generally best to use:

a. Qualitative forecasting

b. Time series forecasting

c. Naive forecasting

d. Simple moving average forecasting

2. Higher inventories, higher costs, longer response times, and lost customers can result from?

a. Lack of trust between trading partners

b. Lack of supply chain visibility

c. Lack of vendor managed inventories

d. Reactive initiatives

3. Which strategy uses overtime and subcontracting to cope with the high demand periods ?

a. The Level Production Strategy

b. Mixed Production Strategy

c. The Chase Production Strategy

d. The Aggregate Production Strategy

4. Which one of the following is NOT a type of qualitative forecasting?

a. Sales force composite

b. Consumer survey

c. Jury of executive opinion

d. Simple moving average

5. Foreign-trade zones are:

a. Secure sites in foreign countries where goods wait for clearance by importing country

b. Markets in the U.S. where foreign countries set up and sell products

c. Bodies of water where cargo ships are allowed to dock to deliver imported goods

d. Secure sites within the U.S. where goods and materials can be assembled and exported without being levied domestic duties or excise taxes.

Reference no: EM132262891

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