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Author Question: What is transparency in pricing? What will be an ideal response? (Read 66 times)

bucstennis@aim.com

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on: Sep 11, 2019

Question 1

Why are forecasts necessary?
 
  What will be an ideal response?

Question 2

What is transparency in pricing?
 
  What will be an ideal response?


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JYan

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Reply #1 on: Sep 11, 2019

Answer 1

Forecasts are necessary because no rational planning can proceed without projections of future demand, revenues, and expenses. All organizations must have some idea of what future receipts and expenditures might look like in order to ensure that the right amount of supplies are purchased and workers hired.

Answer 2

Transparency in pricing refers to the availability to all buyers and sellers in the marketplace of all prices available to consumers. The Internet has hastened transparency in travel and tourism.


bucstennis@aim.com

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  • Posts: 532
Reply 2 on: Sep 11, 2019
Thanks for the timely response, appreciate it

frankwu0507

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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