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.