Which of the Following Is a Characteristic of the Jury

question 49

Multiple Choice

Which of the following is a characteristic of the jury of executive opinion method of sales forecasting?

• A) The resulting forecast is a blend of informed opinions.
• B) It is a more formal method than the Delphi method.
• C) It gives accurate data because the data is collected by the sales people who continually interact with customers.
• D) It utilizes historical data to predict future sales levels.
• E) It predicts future sales by analyzing the historical relationship between sales and time.

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Definitions:

Accounting Profits

Accounting profits represent the financial gains of a business as calculated by subtracting total explicit costs from total revenues, according to standard accounting practices.

Industry Entry

The act or process of starting a new business or expanding into a new segment within a particular market or industry.

Average Product

The total output produced by a firm divided by the number of inputs used to produce that output.