Question

What is it called when a company determines how much of a product to create.

- Forecasting
- Outsourcing
- Scheduling
- Inventory control

Answer 1

- Forecasting

Step-by-step explanation:

Forecasting is a technique used by businesses to determine how much of a good to produce. Companies rely heavily on past sales volumes to forecast future productions. Apart from past sales, firms also consider trends in the industry and the countries economic status.

Forecasting is also known as projecting as it involves a rational way of predicting future productions.