Choose Any Product or Service You're Familiar With, and Determine

question 94

Essay

Choose any product or service you're familiar with, and determine which one of the six sales forecasting techniques would be best suited to forecasting demand for your product or service. Explain why you've selected the technique, and briefly describe how you would implement it.

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Definitions:

Foreign Investment

The investment of capital by individuals, corporations, or governments from one country into business interests within another country.

Standard Of Living

The standard of living refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Goods And Services

The outputs offered by businesses and the economy to satisfy individual or collective needs or wants.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.