Which of the Following Sales Forecasting Techniques Would Generally Be

question 18

Multiple Choice

Which of the following sales forecasting techniques would generally be most suitable for estimating sales of a new product?

• A) Executive judgment
• B) Customer surveys
• C) Time series analysis
• D) Market tests
• E) Regression methods

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Definitions:

Goods Deficit

A situation where the value of a country's imports of goods exceeds the value of its exports of goods.

Money Inflow

The total amount of money coming into a business, an economy, or an individual's finances from various sources.

Foreign Purchases

The buying of goods or services from another country, contributing to imports in the purchasing country's economy.

Current Account

A component of a country's balance of payments, reflecting the difference between its export and import of goods and services.