Which of the Following Are True of Qualitative Approaches to Sales

question 53

Multiple Choice

Which of the following are true of qualitative approaches to sales forecasting?

• A)Effectiveness depends on close relationships between customers and suppliers.
• B)They are more appropriate for well-established products.
• C)It brings users of the forecast into the forecasting process.
• D)All of the answer choices.
• E)Both effectiveness depends on close relationships between customers and suppliers and it brings users of the forecast into the forecasting process.

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Definitions:

Price of Capital

The cost of using capital assets, reflected in the interest rate or rate of return that investors demand for using their capital.

Total Product

The overall quantity of output that a firm produces, usually in a given period of time, measured in terms of units.

Average Product

The output per unit of input, calculated by dividing the total product by the quantity of input.

Average Product

The output per unit of input, calculated by dividing total output by the total number of units of input.