Question

I) Search the internet and find a company that has made a mistake

in forecasting.
ii) Write a short introduction about the company that has made the
mistake. This section should include company?

Answer 1

Blockbuster is an example of a company that made a mistake in forecasting by failing to adapt to the shift in the video rental industry towards streaming and online rentals.

Step-by-step explanation:

One example of a company that has made a mistake in forecasting is Blockbuster. Blockbuster was a video rental company that failed to anticipate the shift in the industry towards streaming and online rentals. In the early 2000s, when Netflix entered the market and started offering DVD rentals by mail, Blockbuster dismissed the idea and failed to adapt. As a result, Blockbuster eventually filed for bankruptcy in 2010 and closed all of its stores.