Scenario 5.1 Use the Following to Answer the Questions

question 172

Multiple Choice

Scenario 5.1
Use the following to answer the questions.
Lil' Angels Kids Spa offers various treatments designed to appeal to the younger customers. Treatment options include manicures, pedicures, facials, tea parties, and dress up photos. Parents can even purchase a birthday party package. Currently, Lil' Angels offers its services only to girls under the age of 14. Originally begun in Delaware, Lil' Angels is considering opening its spa/salons in other parts of the country and is planning to expand its offerings to girls aged 14 to 17. The company realizes that some changes may be needed. For example, the management wants to find out if the older girls will be interested in their birthday party and tea party services.
-Refer to Scenario 5.1. Which method should Lil' Angels use to forecast sales in new regions?

• A) Sales force survey
• B) Time series analysis
• C) Correlation method
• D) Market test
• E) Regression analysis

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Definitions:

Bone Marrow

A soft, spongy tissue found inside bones, responsible for the production of blood cells.

Lipoproteins

Complex particles composed of lipids and proteins that transport fats through the bloodstream.

VLDL

Very Low-Density Lipoprotein, a type of lipoprotein that carries triglycerides from the liver to tissues in the body.

LDL

Low-density lipoprotein, often called "bad" cholesterol, associated with increased risk of heart disease.