The Covid-19 pandemic affected the planning and forecasting of all industries. One of the affected industries was tourism in aviation. Discuss the role that forecasting plays in such uncertainties, giving practical examples. (15)
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- Variability is found in every production operation, but most variability is cause by tolerating waste or by poor management. True or FalseHow COVID-19 affect the domestic market?An emerging market economy is the economy of a developing nation that is becoming more engaged with global markets as it grows. Investors seek out emerging markets for the prospect of high returns, as they often experience faster economic growth as measured by GDP. However, along with higher returns usually comes much greater risk. Describe FIVE (5) ways of assessing a country in emerging market during post-pandemic of Covid-19.
- Breakdown Approach Salesforce size = Forecasted sales / Average sales per salesperson Sleepy, Inc, a manufacturer of baby products, just introduced a new product to the market which they believe will greatly increase revenues in 2022. The company's forecasted sales for 2023 are $60,000,000 and salespeople currently average $1,500,000 in annual sales. How many salespeople does Sleepy, Inc need for 2023? Show your work.The President of Ghana launched the COVID-19 business alleviation program incollaboration with the National Board for Small Scale Industries (NBSSI), TradeAssociations, and some selected banks. Under the program, the government is givingfunds without interest to selected financial institutions for onward lending to businessesat a 3% interest. The program is aimed at helping beneficiaries to sustain their businesses during the Covid-19 pandemic. Use this information to answer the followingquestions.a. Explain in your own words, the monetary policy tool being used by thegovernment under this program. b. If the government had pegged the interest rate under the program at the monetary policy rate, will this have been a better way of setting the rate?Explain the advantages and disadvantages of each scenario. c. Explain the expected impact of the low-interest rate program on grossdomestic product (GDP), articulating the possible pathways.Mostly everyone would agree that pollution is undesirable. But cleaner environment requires higher production costs and a lower level of output. It is difficult though to measure the value on the health, environmental, and aesthetic benefits resulting from a cleaner environment. The health effects associated with the release of various chemicals into the air or water are often not fully understood. While the relationship between carbon dioxide emissions and global warming is the subject of a great deal of scientific speculation and study, precise measurements of the expected environmental damage are not yet available. It is also not easy to place a value on the aesthetic pleasure that individuals may experience knowing that the air and water surrounding them is cleaner. The energy giant Royal Dutch Shell have reached its oil production peak in 2019. Now the company’s focus now is on shifting to renewables and reducing its carbon footprint through green technologies. Did you know that…