Why are top management support and cross-functional involvement is crucial when attempting to implement an activity-based costing system?

Why are top management support and cross-functional involvement is crucial when attempting to implement an activity-based costing system?

 

Write a short response to each of the following assertions:

a. Forecasts are always wrong, so why place any emphasis on demand planning?

b. A good forecasting process is too expensive. c. All we need to do is hire a “quantitative type” to do our forecasting.

 

4. Can you think of any future business trends, that may influence the way forecasting is done in the future? Explain briefly.

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