Quiz

Quiz: Using Forecasts to Plan Capacity and Stock

WJEC Eduqas GCE A LEVEL in BUSINESS specification

11 Steps9 Questions

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Building on what you've learned about sales forecasting, let's test your knowledge of how forecasts are used to plan capacity and stock!

Multiple ChoiceInteractive

Why is it important for businesses to use sales forecasts when planning stock levels?

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Multi-SelectInteractive

Which of the following are benefits of using accurate sales forecasts for capacity planning? (Select all that apply)

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Fill in the BlankInteractive

Businesses use {{blank0}} to predict future sales and plan {{blank1}} accordingly.

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MatchingInteractive

Match the items on the left with their correct pairs on the right

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Math EquationInteractive

A business forecasts monthly sales of 500 units. They aim to maintain 20% extra stock. How many total units should they hold in stock?

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Multiple ChoiceInteractive

Which of these factors might cause a sales forecast to be unreliable?

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typedAnswer

Match the items on the left with their correct pairs on the right

Multi-SelectInteractive

Which of the following are examples of qualitative forecasting methods? (Select all that apply)

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Fill in the BlankInteractive

A business uses sales forecasts to decide on the {{blank0}} of production and the {{blank1}} of stock to hold.

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Multiple ChoiceInteractive

What is the main goal of capacity planning?

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