Statistical Methods Are Not Recommended for New Product Managers Charged

question 12

Multiple Choice

Statistical methods are not recommended for new product managers charged with forecasting sales for a new product because:

• A)here is no history in their venture on which to base a statistical forecast.
• B)These methods tend not to base their assumption of the future on the past.
• C)It does not include a method to forecast the impact on consumer demand of different combinations of attributes.
• D)It is not based on what people actually do.

---

Definitions:

Traditional Delivery

This term refers to conventional methods of delivering goods or services, such as mail or in-person services, as opposed to digital or automated solutions.

Electronic Marketing

Utilizing digital platforms and technologies to promote products, services, or brands to potential customers.

Industrial Distributor

A business that purchases goods directly from manufacturers and sells them to companies, usually in large quantities for industrial use.

Global Broker

An intermediary who facilitates international transactions and investments between parties from different countries.