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16 January, 06:02

Which of the following decisions is driven by short-range forecasts? facility location new product planning weekly shift assignments at a retail store capital expenditures all of the above

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  1. 16 January, 09:44
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    The correct answer is letter "C": weekly shift assignments at a retail store.

    Explanation:

    Business Forecasting refers to the estimates companies make to have an idea of what their performances will be in the short and long run. In the short-run, companies forecast mostly activities to organize the number of resources available for the day-to-day activities. Long-term forecasts are those that estimate what course the firm will take including what will the organization offer and where.

    Thus, weekly shift assignments at a retail store are an example of short-range forecasts.
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