Which one of the following most likely represents the greatest forecasting risk?
A) The replacement of current machinery with similar equipment.
B) The reduction in production costs due to improved quality controls.
C) The introduction of a new product that expands the types of goods offered.
D) The introduction of an updated existing product.
E) The sale of a used piece of equipment that is no longer needed.

Question

Quizplus · Accepted Answer

The introduction of a new product that expands the types of goods offered represents the greatest forecasting risk because it involves entering a potentially unknown market with new dynamics, customer preferences, and competition, making the outcomes more uncertain compared to the other options which involve more predictable updates or improvements to existing operations.

Which One of the Following Most Likely Represents the Greatest