A Survey of Buyers' Intentions Forecast Involves

question 245

Multiple Choice

A survey of buyers' intentions forecast involves

• A) starting with the last known value of the item being forecast, listing the factors that could affect the forecast, assessing whether they have a positive or negative impact, and making the final forecast.
• B) making decisions without any intervening steps.
• C) asking prospective customers if they are likely to buy the product during some future time period.
• D) asking the firm's salespeople to estimate sales during a coming period.
• E) selecting the forecasting alternative that would allow a firm to survive financially even if the forecasts were totally incorrect.

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Definitions:

General Paresis

A neuropsychiatric disorder affecting the brain and central nervous system, often due to untreated syphilis infection, leading to progressive dementia and paralysis.

Eukaryotic

Referring to cells that have a nucleus enclosed within membranes, distinct from prokaryotic cells, such as those of bacteria and archaea.

Protist

A diverse group of eukaryotic organisms, including amoebas, algae, and protozoa, that are not plants, animals, or fungi.

Unicellular

Organisms that consist of a single cell, performing all life functions within that cell.