Trend Analysis Predicts Future Sales By

question 38

Multiple Choice

Trend analysis predicts future sales by:

• A)looking at how well the competitors are doing
• B)multiplying past performance by a factor of 1.06
• C)averaging the performance over the past few periods and using that to predict the next period's sales
• D)using benchmarks to track how far this period's sales will exceed the previous period's sales
• E)examining past sales trends and extrapolating that information into the future

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Definitions:

Operating Expenses

The ongoing costs for running a product, business, or system, excluding the costs associated with the production of goods or services.

Marketing Dashboard

A visual representation of marketing metrics and key performance indicators (KPIs) to help businesses monitor and analyze their marketing strategies effectively.

Dollar Sales

The total revenue generated from the sale of goods or services, expressed in monetary units.

Market Share

The sector of a market that a certain company or product commands.