Which of the Following Approaches Would a Firm Use to Predict

question 10

Multiple Choice

Which of the following approaches would a firm use to predict workforce requirements for the current year based on the sales expectation for that year and the sales and workforce size of the previous three years?

• A) Regression analysis
• B) Trend analysis
• C) Ratio analysis
• D) Brainstorming analysis

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Definitions:

Differentiation Strategy

A business approach where a company seeks to distinguish its products or services from competitors through unique features.

Specific Customers

Targeted individuals or groups that a business aims to serve or attract with its products or services.

Customer Receives

The process by which a customer gets the product or service they have purchased.

Price Pays

The concept that the value or quality of a product or service is reflected in its price, implying that higher prices often indicate better quality.