Evaluate how or why the business made such a mistake

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Reference no: EM133616459

Question 1: Why is knowing (or estimating) the product demand so crucial for a firm?

Question 2: What are the differences between estimating and forecasting demand?

Question 3: What is an example of a business that has suffered from poorly forecasting the demand for its products?

Question 4: Explain and evaluate how or why the business made such a mistake.

Reference no: EM133616459

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