A Firm Has Just Developed a Unique New Product That

question 12

Multiple Choice

A firm has just developed a unique new product that can easily be copied by a competitor.They want to determine how many units to produce.The forecasting method they will most likely use is the

• A)Survey of Sales Forces.
• B)Delphi Method.
• C)Historical Analogy.
• D)Survey of Customers.
• E)Market Research.

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Definitions:

Decimal

A number system based on ten, involving numbers with fractions represented by digits following a period.

Smaller

Referring to an object of lesser size or amount compared to another.

Multiply

A mathematical operation where a number is added to itself a certain number of times, equivalent to repeated addition.

Greater

A term used to indicate a larger amount, size, degree, or importance in comparison with something else.