Woolworths Has Kept a Record of the Number and Type

question 1

Multiple Choice

Woolworths has kept a record of the number and type of jobs advertised and the number of employees recruited over the last 30 years.It uses this information to predict future personnel requirements.This is an example of:

• A) demand forecasting
• B) trend projection
• C) external scanning
• D) internal scanning

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Definitions:

Price Increases

A rise in the cost of goods or services, often due to factors like inflation, increased production costs, or higher demand.

Local Nuances

Pertains to the subtle and specific features or variations within a local context or culture, often crucial for understanding and operating effectively within that locale.

Host Country

A country in which an international business operates.

Universal Marketing Strategy

A strategy that proposes the use of a single marketing approach globally, disregarding regional or local differences.