Factory expansion requires huge investments, and it takes time for all companies to make such investments. If producers cannot expand their factories, they will take short-term action.
The plant capacity is the saturation point. The maximum force a plant can produce. Fixed costs are constant costs. It does not change with the level of production of goods and services. Gross cost of production corresponds to variable cost of production. In the long run, all costs will fluctuate. Because in the long run you have enough time to convert all fixed inputs to variable inputs.
Therefore, total costs correspond to variable costs in the long run. Finally, marginal cost increases as production increases because the marginal product of labor decreases. Capacity factor: It is the ratio of the energy actually produced to the maximum energy that could have been produced in a given time period. The plant capacity factory gives the inverse capacity of the plant.
Know more about investments here:
https://brainly.com/question/15353704
#SPJ4
A time-ordered plot of representative sample statistics is called a:
A. Gantt chart
B. SIMO-chart
C. Control Chart
D. Up-Down Matrix
E. Standard deviation table
A Chart control is a time-ordered plot of representative sample statistics. Pairs of control charts are used for variable data.
What is the purpose of a control chart?A graph called a control chart is used to examine how a process changes over time. The data are plotted chronologically. A control chart always has an upper line for the upper control limit, a lower line for the lower control limit, and a central line for the average. The data from the past are used to determine these lines. You can determine whether the process variation is consistent (under control) or unpredictable (out of control, influenced by specific causes of variation) by comparing the current data to these lines. This adaptable instrument for data collection and analysis is regarded as one of the seven fundamental quality tools and can be utilized by a variety of industries.
The process's average, or the centering of the data distribution, is tracked in the top chart. The range, or the width of the distribution, is tracked by the chart at the bottom. If your data were shots taken during target practice, the average indicates where the shots cluster, and the range indicates how tightly they cluster. Single control charts are utilized for attribute data.
To learn more about chart control visit :
https://brainly.com/question/17102332
#SPJ4
What are the main purposes of a budget select three?
Budget refers to the an estimate of income and expenditure for a future period. It helps in tracking expenses and following a plan.
A budget is a financial statement. It makes it easier to pay bills on time, build an emergency fund, and save for major expenses.
A budget can be referred to as a spending plan based on income and expenses. In other words, a budget is an estimate of how much money you'll make and spend over a certain period of time, such as a month or year. A budget is tool for financial stability.
There are three types of budgets. These are- a surplus budget, a balanced budget, and a deficit budget
Importance of Budget-
It is a forecast of income and expenditure .It is a tool for decision making. It is a means to monitor business performance.To know more about budget refer to-
brainly.com/question/8647699#
#SPJ4
Correct question
What are the main purposes of a budget?
Who were the women airforce service pilots or WASP of World War II?
During World War II, the Women Airforce Service Pilots (WASP) program of the U.S. Army Air Forces assigned over 1,100 civilian women to noncombat military flight missions.
What were women who served in the WASP during ww2?A courageous and devoted group of pilots known as the Women Air Force Service Pilots (WASP) assisted the United States in winning the aerial battles of World War II. They didn't immediately take part in the battle. However, they did replace men who could and did engage in aerial combat. Over 1,000 women flew more than 60 million miles between 1943 and 1944 carrying people and cargo, towing targets, and doing other transport-related tasks. Every military aircraft, including the Boeing B-17 and B-29 bombers, were flown by the WASP. The WFTD did check flights, gave new engines flight time, towed targets for anti-aircraft gunnery practice, flew searchlight tracking missions, and taught male pilot cadets in addition to ferrying, testing, and delivering aircraft for repair.
To learn more about WASP refer to :
brainly.com/question/20653917
#SPJ4
Which of the following is not a difficulty in the regulation and supervision of banks?
A. Unintended conséquences may happen if details in the regulations are not precise
B. Financial institutions are not required to follow the rules
C. Financial institutions may have strong incentive to avoid existing regulations
D. There can be political pressure to ease the rules
Option B: Financial institutions are not required to follow the rules, which is the correct option.
The regulation and supervision of banks is a difficult process due to the complexity of the financial system. Banks must comply with various laws and regulations to ensure the safety and soundness of the banking system.
Banks are required to follow rules and regulations to protect the public from financial losses and ensure the stability of the financial system. Banks are also subject to supervision and monitoring by regulatory authorities to ensure they are following the rules and regulations.
Any failure to comply with the rules may result in fines or other penalties. Thus, it is not correct to say that financial institutions are not required to follow the rules, as this could lead to serious consequences.
Learn more about financial institution:
https://brainly.com/question/13442420
#SPJ4
The spinners are spun and the values are added together, What is the probability the sum is equal to ... 9
The number of possibilities that can occur on spinner is 9. So that the probability of the sum is equal to nine is [tex]\frac{2}{9}[/tex].
Probability in mathematic generally can be defined as possibility. Probability is a branch of mathematics that deals with the occurrence of a random event. The value of probability is expressed from zero to one.
If two spinners are spun together, the probability that will occur are:
(2,1)(2,3)(2,5)(4,1)(4,3)(4,5)(6,1)(6,3)(6,5)The number of possibilities that can occur is 9. And the sum of the probability of two spinner if the values added together and equal to nine is 2, there are (6,3) and (5,4).
So that the probability of the sum is equal to nine is [tex]\frac{2}{9}[/tex].
Here you can learn more about probability of spinner https://brainly.com/question/29027275
#SPJ4
Serious question for the verified answers, do yall get paid to answer our questions?
Answer:
no, not if you are the community. somebody gets his answer verified then that just means his is the correct answer.
Explanation:
I have been verified
In testing inventory at an audit client in the retail industry, you note that some of the inventory is contracted to be held on consignment. As a result, which financial statement assertion is now relevant ?
a. Rights and obligations.
b. Completeness.
c. Existence or occurrence.
d. Valuation or allocation.
When inventory is tested with audit customers in the retail industry, we find that some of the inventory is contractually consigned. This means that a) rights and obligations settlement enforcement is now relevant as well.
Rights and obligations are the basic statements used in the preparation of financial statements to show that an organization has ownership over its stated assets and is obligated to pay its stated liabilities. For example, you can demand the right to have children or the right to make decisions about your children's education. An attendant duty is to properly educate them as good citizens, introduce them to the culture of their society, and teach them right and wrong. A right is what you want others to do to you, and a duty is what you ought to do for others.
Learn more about the right and obligations in
https://brainly.com/question/14845102
#SPJ4
Blake Haddon, Cyrus Oldsmen, and Graham Piper work for Aragon Foods. They work long hours for which they have quite a bit of overtime. In the initial employment contract, which is in writing, the contract stated that each person would be paid an hourly rate of $15.00 and anything over 40 hours would be paid at time and a half. During the first two years of the contract, there were times when Blake, Cyrus, and Graham were not paid their overtime. However, two years after they all had started, Aragon Foods had each of the employees sign a new employment contract where they would work for a salary of $40,000. The contract expressly stated that they did not get overtime. Blake, Cyrus, and Graham want to sue for the overtime that they were never paid. What effect does the new contract have, if any, on the first employment agreement
Novation refers to a form of discharge by agreement. When a new contract replaces or substitutes the old contract between the parties to the contract with new obligations by discharging or extinguishing the previous contractual obligations.
Employment is a relationship among parties regulating the availability of paid exertions services. normally, based on a settlement, one birthday celebration, the organization, which is probably a company, a now not-for-income enterprise, a co-operative, or another entity, pays the alternative, the worker, in return for carrying out assigned paintings. employees work in go back for wages, which may be paid on the basis of an hourly price, piecework, or an annual salary, depending on the sort of work an employee does, the triumphing situations of the world, and the bargaining strength between the events.
Employees in a few sectors might also receive gratuities, bonus payments, or stock alternatives. In a few kinds of employment, employees might also acquire blessings in addition to price. Blessings may additionally consist of health insurance, housing, and disability insurance. Employment is typically ruled by way of employment laws, agencies, or criminal contracts.
To know more about Employment visit here:
brainly.com/question/1361941
#SPJ4
You have entered the annual Turkey Dash 5K race. Halfway through, your muscles are burning and you felt as if your legs were going to give out. What happens in your body to help you get to the finish line
Answer: motivation
Explanation: mentality
Explain how ad specials from newspapers bring people into the store to buy other items as well as the sale ones
In order to persuade consumers to purchase goods or services, advertisers employ persuasive strategies include emotional appeals, peer pressure, social proof, and repetition.
The frequency of newspapers varies, from medium- and large-city daily newspapers to weekly or bimonthly community newspapers. Each advertiser's ability to reach its target demographic is significantly constrained by the limited shelf life of newspaper advertisements.
By informing current and future customers about your new product launches, exclusive deals, and enhancements, advertising can boost sales. Advertising can help you develop or build a distinctive brand for your organization in addition to reminding current clients about it.
To know more about Advertisement visit :
https://brainly.com/question/29564877
#SPJ4
A homeowner bought a house one year ago for $250,000. Since then, the homeowner has spent $4,000 to pave the driveway and has added a screen porch at a cost of $3,000. Total depreciation has been $6,000. What is the homeowner's adjusted basis
The total amount of depreciation is $6,000. Basis adjusted for the homeowner is $251,000.
How do you determine the homeowner's adjusted basis?The homeowner's adjusted basis is:
$250,000 (original cost of the house)
$4,000 (cost of paving the driveway)
$3,000 (cost of adding a screen porch)
$6,000 (total depreciation taken)
= $251,000
So, the homeowner's adjusted basis for the house is $251,000.
What does business depreciation mean?Small firms can use depreciation, an annual tax deduction, to recoup the cost or other grounds of certain assets as they are used. It is a provision for the property's normal wear and tear, degeneration, or obsolescence.
To know more about depreciation visit :
brainly.com/question/15085226
#SPJ4
What are the three 3 important questions that every nation has to answer because of the problems of scarcity?
The three fundamental questions are answered differently in every community, but the issues at their core—scarcity and resource distribution—are universal.
The concept of "scarcity" in economics "refers to the underlying reality that there are finite amounts of both human and nonhuman resources, and that even the best technological knowledge can only be employed to produce finite maximum amounts of each economic commodity." " If the conditions of scarcity didn't exist and "infinite amounts of every good could be manufactured or human desires totally supplied," there wouldn't be any economic goods, or relatively scarce products. Scarcity is the limited availability of an item or service that may be in high demand on the market or among the general population. Another facet of scarcity is one person's inability to buy products. The opposite of scarcity is abundance. Scarcity is important and essential in economic theory.
Learn more about scarcity from
brainly.com/question/26856258
#SPJ4
Do landlords look at credit score?
Answer:
the landlord or property manager may pull your credit as part of the screening process
Explanation:
Brainliest pls
Immersion in water or fire as a result of a crash happens in less than ______ of all crashes annually.
In Florida or the United States as a whole, fewer than 1% of all car incidents result in fire or submersion in water. For people aged 4 to 33, the primary cause of death is cardiovascular disease.
What kind of car accident occurs most frequently?The most frequent kind of collisions are rear-end collisions. The NHTSA claims that rear-end crashes take place when one vehicle hits the back of another vehicle, as the term implies.
How may an automobile accident be explained?What details should I include in my account of my car accident? Don't guess on anything and stick to just giving the facts as you remember them, including what the other motorist was doing at the time of the impact.
To know more about submersion in water visit :-
https://brainly.com/question/12206728
#SPJ4
What is an important influence in desired service expectations?
The type of service that customers hope to receive is termed as desired service.
What is service expectations?Our findings imply that there are two levels of customer service expectations: desired and adequate. The level of service the client aspires to obtain is the desired service level.
It combines the customer's ideas of what "can be" and "should be." The level of service that the consumer thinks acceptable is considered adequate. Support Groups can outline the services they offer, how they deliver them, what determines the cost of those services, how they gauge success, and how they benefit the service user and university in Service Expectation Statements (SESs).
Service Expectation Reviews allow customers the chance to offer feedback on the services rendered, cooperatively negotiate service adjustments, and have services removed where they are no longer necessary.
To learn more about service expectations refer to:
https://brainly.com/question/26082587
#SPJ4
what applies technology to the activities in the order life cycle from inquiry to sale?
SCEM demand will skyrocket as more and more organizations begin to discover the benefits of real time supply chain monitoring. applies technology to the activities in the order life cycle from inquiry to sale.
Technology is the systematic, repeatable application of knowledge to the accomplishment of beneficial ends. The result of such an attempt is sometimes referred to as technology [1]. [2]: 117 [3] The use of technology is pervasive in many aspects of modern life, including science, business, communication, and transportation. Both tangible objects like tools or machinery and immaterial ones like software are considered technologies.As a result of countless technological advancements, society has evolved. The stone tool, which was used in the prehistoric age, is the oldest technology that is now known[4]. The adoption of fire followed, which contributed to the Ice Age proliferation of language and the human brain. [5] The invention of the wheel in the Bronze Age made it possible to move further.
Learn more about technology :
https://brainly.com/question/9171028
#SPJ4
John considers In-n-out burgers and McDonald burgers to be perfect substitutes. When John maximizes his utility, what will the optimal bundle of In-n-out and McDonald probably look like
If In-n-Out and McDonald's burgers are ideal equivalents, John will be able to swap one for the other at a rate of one for one.
In this scenario, the indifference curve for John for perfect substitutes is a straight line, with the slope indicating the rate at which McDonald burgers can be substituted for the in - n - out burger. It is depicted in the figure by placing a McDonald's burger on the x axis and in-n-burgers on the y axis. If the price of a McDonald's burger reduces, John would prefer to buy one more unit of McDonald's burger by foregoing one In-n-buger.
Learn more about to McDonald's
https://brainly.com/question/12186590
#SPJ4
A town has a total assessed valuation of $32,000,000 and exemptions of $7,000,000. What is the tax base
Taxes are essentially forced contributions from the populace to the government; in this case, the tax base is $25,000,000.
A tax base example is what?The whole dollar amount of taxable income, in the case of the personal income tax, or the total dollar value of real estate, in the case of the real property tax, are two examples of tax bases that are often measured as a dollar amount to which a tax rate is applied.
To expand the tax base, what does that mean?When a tax base grows, more people and companies are contributing to the expenses of maintaining the community. The proportion of taxes that fall on an individual decreases as the tax base expands as a result of higher sales.
To know more about tax base visit :-
https://brainly.com/question/20127586
#SPJ4
What might happen if an economy is unable to produce wanted goods and services people will go without them people will look elsewhere for them?
People may start looking elsewhere for them if an economy is unable to supply the desired products and services.
What may occur if a country's economy is unable to produce?People will shop elsewhere if an economy is unable to supply the desired goods and services. Customers will go where their want is satisfied if their desire is not met by the existing economy. An economy must thus create the goods and services that consumers want in order to satisfy their demand.Since society only has a certain amount of resources, it is unable to provide all the products and services that people desire.People may start looking elsewhere for them if an economy is unable to supply the desired products and services.To learn more about economy refer to:
https://brainly.com/question/2533117
#SPJ4
Answer:its B
Explanation: yes
The portfolio of projects is typically represented by compliance, strategic, and operations projects. What impact can this classification have on project selection
Your project proposal's chances of being chosen may be improved by carefully matching it with one categorization.
What is the role of projects in strategic management process?Projects may concentrate on both the customer service environment and internal actions necessary to enable greater alignment of operations and strategic objectives as part of the strategic management process. Risks can have an impact on portfolios, programmes, and even projects because they are a component of the company's strategy.
Some people could try to transfer their project proposal to a different categorization to increase the likelihood that the project will be chosen if they are aware of the funds that are available, their risk profile, senior management bias, etc.
To know more about portfolios, visit:
https://brainly.com/question/25929259
#SPJ4
Which of the following questions will NOT help you develop a solid communication strategy?
A. What is my goal?
B. What medium will work best?
C. Who is my audience?
D. What content will I need?
E. What do I want to accomplish with this communication?
What content will I need? will NOT help you develop a solid communication strategy.
Hence, Option D is correct
Speaking, listening, observing, and empathizing are all essential communication skills. Understanding the variations in how to communicate during in-person contacts, phone calls, and digital communications, such as email and social media, is also beneficial.Most people mistakenly believe that good communication skills just come from being a great speaker, but they also include the ability to listen, observe body language, and interpret silences in a conversation.Writing, reading, math, and the ability to utilize computer programs are examples of hard skills, which are measurable and teachable. Soft skills, on the other hand, are character attributes like manners, communication and listening skills, and interpersonal relations that make you a good employee.To know more about communication visit:
https://brainly.com/question/26152499
#SPJ4
What are the 9 principles of effective communication?
The 9 principles of effective communication are Congruency, Concise, Clarity, Consistency, Considering your Audience, Content, Checking for Understanding, Choosing the Right Medium for the Message, Common Language.
What is Effective Communication?The capacity to effectively and profoundly communicate information, ideas, and emotions are effective communication.ease of understanding and message clarity.Recognizing nonverbal signs and practicing active listening.Adapting the communication to the requirements, knowledge, and comprehension level of the recipient.In order for the message to be heard and comprehended with clarity and purpose, effective communication involves communicating ideas, thoughts, views, knowledge, and data. Both sender and receiver experience satisfaction when we communicate efficiently.Verbal and nonverbal, written, visual, and listening are just a few of the different ways that people communicate. It may take place in person, over the phone (via applications, calls, and video), over the mail, or online (on websites, social media platforms, forums, and blogs).Clear, accurate, thorough, succinct, and empathetic communication is essential for effective communication. Although they may differ depending on who you ask, we think of these as the "5 C's of communication."To learn more about effective communication from the given link
https://brainly.com/question/1423564
#SPJ4
Kim Mathews, a retired school teacher, recently relocated to her old neighborhood. She called the trash collection company of her new neighborhood to enter her address but was dismayed to learn that they charged an extra $10 compared to the other companies in other areas. She complained to the company manager but was told that she had to either pay the bill or dispose the trash on her own. Kim had no other option but to pay the bill. Which of the following is the reason why Kim was treated so poorly by the company
There were no other companies offering this service besides the trash firm.
What is it called when a company compares itself to its competitors?Because high quality is ensured by competition, the consumer benefits. The buyer will choose based on quality if two businesses are offering comparable goods at comparable costs. A corporation has a market monopoly if it doesn't have any rivals. In a command economy, monopolies are typical (communism).
The level of rivalry between existing businesses is a measure of that level of competitiveness. Profits may be hampered by intense competition, which may result in price reductions, higher advertising costs, or investments in service/product innovation and enhancement.
We describe competitive benchmarking, how to conduct it, and why it is crucial. To start you and your business, read on today. Competitive benchmarking is comparing your business to a number of rivals using a predetermined set of parameters.
Therefore, the answer is there were no rival companies offering this service besides the trash firm.
To learn more about competitors refer to:
https://brainly.com/question/24625436
#SPJ4
The response is that the trash company alone was the only one offering this service. Other than the trash company, there were no other businesses providing this service.
When a company compares itself to its rivals, what is it called?The consumer benefits because competition ensures high quality. If two businesses offer comparable goods at comparable prices, the buyer will choose based on quality. If there are no competitors in the market, a corporation has a market monopoly. Monopolies (communism) are typical in a command economy.
A measure of that level of competitiveness is the degree to which existing businesses compete with one another. Price reductions, higher advertising costs, or investments in service/product innovation and enhancement may all result from intense competition hurting profits. We explain what competitive benchmarking is, how to do it, and why it's so important. Read on to learn how to get your company off the ground. Using a predetermined set of parameters, you can compare your company to a number of rivals through competitive benchmarking.
Therefore, the response is that the trash company alone was the only one offering this service.
To learn more about competitors refer to:
brainly.com/question/24625436
#SPJ4
If an owner of real property dies without leaving a will and with no legal heirs, what will generally happen to the property
If a person dies without any relatives from class 1 or class 2 heirs' list then the property is lapsed to the state Government.
Kinship is defined in anthropology as the network of social interactions that form an integral component of the lives of all humans in all civilizations, however its exact implications are sometimes challenged even within this subject.
Kinship can refer to both patterns of social connections and the study of patterns of social interactions in one or more human cultures. In the study of kinship, anthropology has produced a variety of related ideas and terminologies over time, including descent, descent group, lineage, affinity/affine, consanguinity/cognate, and fictive kinship.
To know more about Relatives here-
https://brainly.com/question/12229294
#SPJ4
The entry to transfer a net loss to the owner's capital account would include a debit to
A) the owner's capital account and a credit to Cash.
B) the owner's drawing account and a credit to the owner's capital account.
C) Income Summary and a credit to the owner's capital account.
D) the owner's capital account and a credit to Income Summary.
A debit to (D) the owner's capital account and a credit to Income Summary make up the entry to transfer a net loss to the owner's capital account.
The Owners Capital Account is what?The equity account that appears on a company's balance sheet is called an owners capital account. It indicates the total ownership stakes that investors hold in a company. This account holds the owners' investment in the company as well as the net income it generates, which is then decreased by any draws made to the owners.
Only through the end of the prior fiscal year will the data in the owners capital account be fully current. The following transactions will be added to temporary accounts for the current year.
To know more about capital account visit: https://brainly.com/question/13275642
#SPJ4
Fez enters into a contract to buy 350 acres from Grain Farm to cultivate hops and open a brewery. Fez fails to make the purchase. Grain Farm's remedy is most likely
Based on the fact that Falz failed to make the purchase, Grain Farm most likely has the remedy of C ) Pay the difference between the contract price and market price.
What is a Grain farm to do?When a buyer (Falz) gets into an agreement to buy land or property and fails to do so, this falls under real estate and damage.
Under real estate and damage, the buyer would then have to pay the seller (Grain Farm) a remedy which would be the difference between the market price of the property and the contract price.
Options for this question include:
the amount that Faiz expected to invest in the breweryas a percentage of Faiz's unrealized profit.the difference between the contract and market prices of the land.nothing-Grain Farm still owns the land.To learn more about market price, click
https://brainly.com/question/17205622
#SPJ4
What is the best definition of economic data brainly?
Economic data and statistics are information that explains the history and present state of the economy. Usually discovered in the form of a time-series that includes multiple time periods. Surveys of persons, businesses, and industries in a single economy or for the global economy can be used to collect data.
The social science of economics deals with the creation, exchange, and consumption of products and services. Economics is the study of how economies work as well as the behavior and interactions of economic actors. The study of microeconomics focuses on what are thought to be the fundamental components of the economy, such as the interactions that result from market and agent activity. Individual agents can represent a variety of clients, including homes, companies, buyers, and sellers. The study of the economy as a coexisting system of production, consumption, saving, and investment is known as macroeconomics. Additionally, it looks at the elements that have an impact on this system, including the use of labor, capital, and natural resources, currency inflation, economic expansion.
Learn more about economic from
brainly.com/question/17996535
#SPJ4
Economic data is numerical information that provides insight into the performance and direction of various economic indicators such as inflation, employment, GDP and other statistics. Economic data is often graphed or visualized in order to make it easier to interpret, and can be used to inform business decisions and inform government policy.
Hope This Helps You!
What is the outcome of enforcing contracts and property rights in a market system?
a. Increased economic activity
b. Decreased economic activity
c. No change or no effect on economic activity
d. An unpredictable but definite effect on economic activity
In a market system, more economic activity results from the enforcement of contracts and property rights.
What do you know about the economy?Economic activity is defined as the process of producing a certain good or service using resources such as labor, capital equipment, manufacturing processes, or intermediary items. An economic activity is therefore defined by the manufacturing process, resource input, and product output (goods or services).The term "activity" as used in this context can refer to a single simple task, like weaving, or it can refer to a large range of related sub-processes, each of which is stated in a different classification category. If the manufacturing process is configured as an integrated series of significant components within a single statistical unit, the entire combination is treated as one activity.
Thus, choice A is the best one.
To learn more about economic activity visit:
https://brainly.com/question/14545466
#SPJ4
What are the 5 advertising methods?
6 Different Types of Paid Advertising Techniques Ads for searches. Advertising on social media. Advertising on display. Localized advertising. Print marketing. Public service announcements.
What are the 5 main advertising techniques?Propaganda's basic strategies are successfully transferred to advertising and are still utilised most frequently. Utilization of Repetition, Product Claims, Association and Connection with the Customer, Persuading Customers to Join the Bandwagon, Promotions and Rewards. Product listing advertising, display ads, affiliate ads, native ads, social media ads, video ads, and email ads are the eight primary categories of internet advertisements.
The four Ps are a "marketing mix" made up of four essential components that are used to promote a good or service: product, pricing, place, and promotion. The four Ps are typically taken into account by firms when developing marketing plans and strategies to reach their target audience. Every successful businessperson is aware that keeping existing clients pleased is more crucial than continuously attracting new ones.
To learn more about advertising refer to :
https://brainly.com/question/14227079
#SPJ4
A forecast with a time horizon of about 3 months to 3 years is typically called a: A)short-range forecast. B)medium-range forecast. C)long-range forecast D)weather forecast. E)strategic forecast.
A forecast with a time horizon of about 3 months to 3 years is typically called a A)short-range forecast.
Short-term forecasting is the process of projecting what will happen in the near future (usually hour by hour) and then using that information to construct a strategy to fulfill those demands.
Let's use your support crew as an example. You may already have forecasts on a monthly, weekly, or even daily basis. However, Short Term Forecasting goes much farther in order to assist you manage a staff that is as efficient and productive as possible.
For example, your current prediction shows that next week will have a high volume of client engagement. That's a good place to start, but it's still not enough information to properly staff.
To know more about short range forecast:
https://brainly.com/question/5787745
#SPJ4