Answer:
The distribution is driven by consumption in a free enterprise economic system.
Explanation:
A is not correct because such distribution is typical for a command economy.
B is correct because in this economic system where there is perfect competition, the consumers are the ones that determine the production and distribution of goods and services on the market.
C is not correct because the goods and services are distributed where they are in demand, thus there are differences from one place to another.
D is not correct because the demand is the most important factor that determines the production and distribution.
Answer:
d. It involves the use of expert judgment to develop forecasts.
Explanation:
Forecasting :
Forecasting is the prediction technique of future demand by using past data.
The type of forecasting:
1 .Qualitative
In this technique ,expert gives own opinion regarding the future demand of any service or product.
2. Quantitative
In this technique
1 . The information can be quantified
2.Assume that future demand will follow a past demand curve.
3.. It can be used when past information about the variable being
forecast is available.
In the quantitative forecasting pert judgment does not use to develop forecasts.
Option d is the correct answer.
d. It involves the use of expert judgment to develop forecasts.
it gives you a certain direction, north, south,east,west, and in-between!
b. THE EARTH GETS CLOSER AND FARTHER FROM THE SUN
