The Following Table Shows the Number of Pies Consumed by the Deans

question 134

Multiple Choice

The following table shows the number of pies consumed by the deans' suite during a monthly pie-eating contest. What is the forecast MAD?

• A)2.17
• B)2.66
• C)3.29
• D)3.75

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Definitions:

Purchasing Costs

The total expenses incurred in buying goods or services, including the price of the product, taxes, shipping, and handling fees.

Stockouts

The situation that occurs when an item is not in stock and cannot be sold to a customer, often leading to lost sales and customer dissatisfaction.

Push-Pull Strategy

A promotional strategy combining both push tactics (direct selling to customers) and pull tactics (attracting customers via advertising) to drive product demand.

Forecast Sales

The process of estimating future sales performance based on historical data, market analysis, and other predictive factors.