The Sales Forecasting Method That Consists of Making a Product

question 170

Multiple Choice

The sales forecasting method that consists of making a product available to buyers in one or more locations and measuring purchase response is

• A) a market test.
• B) regression analysis.
• C) trend analysis.
• D) a survey.
• E) the Delphi technique.

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Definitions:

Average Number

The arithmetic mean or central value of a set of numbers, calculated by dividing the sum of the values in the set by the number of values.

Queue

A sequence of items or people waiting to be processed, often in a first-come, first-served basis in operations research and computer science.

Exponential Distribution

A probability distribution that describes the time between events in a process where events occur continuously and independently at a constant average rate.

Service Times

The duration or periods required to complete specific tasks, especially in the context of customer service or manufacturing.