Which of the Following Is/are Approaches Used to Forecast Demand

question 72

Multiple Choice

Which of the following is/are approaches used to forecast demand for a product?

• A)reviewing industry data on the internet
• B)speaking with competitors
• C)speaking with potential customers
• D)all of these approaches.

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Definitions:

Return On Investment

measures the gain or loss generated on an investment relative to the amount of money invested, indicating the efficiency of the investment.

Residual Income

The net income an investment or project generates above the minimum required rate of return.

Required Rate Of Return

The minimum return an investor expects to achieve from an investment, given its risk level.

Responsibility Accounting

An accounting system that collects and reports planned and actual accounting information about the inputs and outputs of responsible parties.