Solved UPSC CDS/OTA Question
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Q · Demand and SupplyMedium · 45s
Which statement is true about demand forecasting?
TopicDemand and Supply
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
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Demand forecasting helps firms plan output, pricing, and inventory.
Final Answer: Option B - It helps determine production plans