Question

A major part of managerial decision-making depends on ___________ than others.

• A. demand forecasting
• B. cost analysis
• C. profit forecasting
• D. capital management

Answer 1

The correct option is A demand forecasting

Demand forecasting refers to predicting the expected demand for a product or service in the target market. Demand forecasting is one of the major part of managerial decision making as most of the decisions taken by a manager is for the development of goods and services in the market. Therefore, predicting the expected demand gives the company an upper advantage in the massive competition that prevails in the market.