Define the Following Terms

question 5

Essay

Define the following terms
-sociogram

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Definitions:

Marketing Questions

Inquiries that focus on identifying target markets, understanding customer needs, and developing strategies to meet those needs through products or services.

Trend Extrapolation

The method of predicting future outcomes by extending existing patterns of historical data.

Sales Forecasts

Predictions of future sales performance, crucial for planning, budgeting, and decision-making in businesses.

Direct Forecast

A prediction technique focused on estimating future trends, sales, or market behavior directly based on historical data and analysis.