Homework Help:Why is knowing (or estimating) the product demand so crucial for a firm?

This is a forum post.  I need 250 words to answer this question; I need an aditional 75 words to post on someone else postWhy is knowing (or estimating) the product demand so crucial for a firm?

In your response, include an example of a business that has suffered from poorly estimating the demand of its products. Evaluate how or why the business made such a mistake.

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