Which of the following factors would typically represent period demand?
Which of the following factors would typically represent period demand?
Period demand is an estimated demand for a product or service over a specific period, such as a month, quarter, or year. It typically relies on factors that can directly indicate the future need for a product. Forecasts and promotions are essential as they predict future trends and marketing effects. Customer orders reflect the actual current demand and therefore are a reliable indicator of impending demand. Combining these three provides a comprehensive view of period demand.
Period demand is the estimated demand for a product or service over a specific period, typically a month, quarter, or year. It is calculated using a variety of factors, including forecasts, customer orders, and promotions.