What is the annual demand for goat cheese in pounds?

Prepare for the PHFO Quantitative Analysis For Business Exam. Study with flashcards, multiple choice questions, hints, and explanations to ensure confidence and success in your exam!

Multiple Choice

What is the annual demand for goat cheese in pounds?

Explanation:
Annual demand is the total quantity of goat cheese that customers will buy over a full year. To get it, you add up all the monthly (or weekly) demand for the twelve months, or use any provided annual forecast that aggregates the year’s consumption. In this problem, the data given for each month sum to 8,030 pounds, so that value represents the total yearly demand. This is why the 8,030 pounds option is correct. The other numbers would only reflect partial sums or different rounding, not the complete year’s total.

Annual demand is the total quantity of goat cheese that customers will buy over a full year. To get it, you add up all the monthly (or weekly) demand for the twelve months, or use any provided annual forecast that aggregates the year’s consumption. In this problem, the data given for each month sum to 8,030 pounds, so that value represents the total yearly demand. This is why the 8,030 pounds option is correct. The other numbers would only reflect partial sums or different rounding, not the complete year’s total.

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