Sales Forecasts to Help Determine the Amount of Inventory to Be

question 2

Multiple Choice

Sales forecasts to help determine the amount of inventory to be held can be based on all of the following except:

• A) the judgement of sales staff.
• B) the use of statistical techniques.
• C) the rate of inflation.
• D) None of the above, i.e. all can be used to determine sales forecasts.

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Definitions:

Emotional Tone

The underlying mood or atmosphere conveyed by an individual's actions or the environment.

Ability Traits

Traits that describe our skills and how efficiently we will be able to work toward our goals.

Factor Analysis

A statistical technique that explains the variance among observed, correlated variables by a smaller set of unobserved variables, known as factors.

Structural Units

Fundamental components or building blocks that make up a system, organization, or structure.