Which of the Following Approaches of Sales Forecasting Involve Asking

question 90

Multiple Choice

Which of the following approaches of sales forecasting involve asking customers or product users about the quantity they expect to purchase?

• A) Sales forecast composite method
• B) Time-series analysis
• C) Customer expectations method
• D) Jury of executive opinion method

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Definitions:

Factor's Price

The cost of utilizing factors of production like labor, land, and capital in the process of manufacturing.

Factor's Marginal Product

The additional output that results from the use of one more unit of a production factor, holding other factors constant.

Factor Of Production

An input used in the production of goods or services, including labor, capital, land, and entrepreneurship.

Complements

Goods or services that are used together such that an increase in the price of one causes a decrease in the demand for the other, like coffee and sugar.