Two Methods of Forecasting Demand Are Particularly Suitable for International

question 91

Multiple Choice

Two methods of forecasting demand are particularly suitable for international marketers. What is one of these methods?

• A) probabilistic forecasting
• B) expert opinion
• C) simulation
• D) extrapolation
• E) scenario building

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Definitions:

Economic Slump

A period characterized by a decline in economic activity, marked by reduced consumer spending, lower production, and increased unemployment.

Positive Communication

The practice of conveying messages in a constructive, optimistic, and encouraging manner.

Project's Account

An account specifically designated for managing the finances, transactions, and budget related to a particular project.

Courteous Effect

The positive result or impact generated by polite and respectful behavior towards others.