Question

For which market orientation is accurately forecasting the amount of finished goods needed likely to be the most important for a firm's financial performance?

Answer 1

In the make-to-stock orientation accurately forecasting the number of finished goods needed is likely to be the most important for a firm's financial performance.

In the make-to-stock, the consumers demand is accurately predicted and only that amount of goods are produced and distributed. Make to stock market orientation is accurately forecasting the number of finished goods that are being demanded by consumers which is most important for a firm's financial performance.

Make-to-stock (MTS) is a manufacturing strategy in which manufacturing making plans and manufacturing schedules are based totally on forecasted product demand. merchandise made all through one manufacturing period is used to meet orders made in the next production period.

Make to order (MTO), or made to order, is a business production strategy that generally allows purchasers to buy merchandise that is customized to their specifications. the producing manner of an MTO object starts simplest after a confirmed customer order is obtained.

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