Levi Strauss Is Unsure of What Sales Forecasting Method to Use

question 81

Multiple Choice

Levi Strauss is unsure of what sales forecasting method to use in determining future demand for its 501 blue jeans.When choosing the specific forecasting method, Levi Strauss should consider all except which of the following?

• A) the costs involved
• B) capital investment projects
• C) time span of the forecast
• D) market characteristics
• E) experience of forecasters

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Definitions:

Scarcity

A condition where resources are limited compared to the demands or needs, leading to competition and value appreciation.

Pique Technique

A psychological strategy to capture people's interest by making a request in an unusual manner, thereby increasing the likelihood of compliance.

Social Influence

The effect of others on an individual's thoughts, feelings, and behaviors.

Reciprocation

A mutual exchange of actions or goods, often characterized by a return of a favor or response to an action.