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Which of the following factors most likely will impact the demand for a firm's products or services?
Suggested Answer: C
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12 comments · newest first
ST
Stephanie
2 months ago
True, but without competition, a firm can set its own prices.
HO
Hobert
2 months ago
I agree, but forecast accuracy also matters. If forecasts are off, demand can drop.
SU
Sue
2 months ago
I think competition is key. It drives demand.
DA
Dana
2 months ago
Wow, I didn't realize competition mattered that much!
KA
Kayleigh
2 months ago
Order processing system? That seems less relevant.
PO
Portia
2 months ago
Not sure about planning horizon impacting demand.
AR
Art
3 months ago
I think forecast accuracy plays a huge role too.
GL
Glenn
3 months ago
Competition is definitely a big factor!
PA
Patria
3 months ago
I’m not confident, but I think planning horizon might be relevant too. It’s tricky to decide without more context!
TA
Talia
3 months ago
I’m leaning towards competition as the answer, but I wonder if the order processing system could also play a role in how quickly demand is met.
RA
Raul
3 months ago
I remember a practice question that focused on how forecast accuracy can influence demand, but I feel like competition might overshadow that.
MA
Marilynn
4 months ago
I think competition is a big factor that affects demand, but I'm not entirely sure if it's the most significant one.