(Situation J) the Table Lists the Number (In Millions) of Chevrolet

question 56

Multiple Choice

(Situation J) The table lists the number (in millions) of Chevrolet passenger cars sold to dealers in the U.S. and Canada from 1980 to 1985. $$\begin{array} { l l } \hline \text { Year } & \text { Sales } \\\hline 1980 & 1.740 \\1981 & 1.444 \\1982 & 0.896 \\1983 & 1.289 \\1984 & 1.455 \\1985 & 4.882 \\\hline\end{array}$$
-Using the exponential smoothing technique to the data from 1980 to 1985, forecast the number of Chevrolet passenger cars to be sold to U.S. and Canadian dealers in 1986 using $w = 0.7$

• A) 4.882 million cars
• B) 3.427 million cars
• C) 3.834 million cars
• D) 2.448 million cars

Describe the basis for international trade and its effects on economies.

Analyze the impact of trade balances on national economies.

Discuss the role and criticisms of major international trade organizations.

Understand the dynamics and challenges of globalization.

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Definitions:

Total Demand

The complete quantity of a product or service that all consumers in a market wish to purchase at a given price and time.

Market Share

The percentage of total sales volume in a market captured by a brand or company, indicating its competitiveness and position relative to its competitors.

Uniformly Spread

An evenly distributed condition where resources, instances, or values are spaced out over a specified range or area with no concentration in any part.

Market Share

The percentage of an industry or market's total sales that is earned by a particular company over a specified time period.