Which of the Following Are True of Qualitative Approaches to Sales

question 73

Multiple Choice

Which of the following are true of qualitative approaches to sales forecasting?

• A)Effectiveness depends on close relationships between customers and suppliers.
• B)They are more appropriate for well-established products.
• C)It brings users of the forecast into the forecasting process.
• D)All of the above.
• E)Only (a)and (c).

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Definitions:

Contract Obligations

Responsibilities and duties that parties are legally bound to perform as per the terms of a contract.

Commercial Impracticability

A doctrine in contract law that excuses a party from fulfilling their contractual obligations due to unforeseen, extreme hardships.

Revoking Acceptance

The act of legally rejecting a product or service after initially accepting it, based on certain conditions being met.

Nonconforming Goods

Products or items delivered under a contract that do not meet the specifications, standards, or requirements agreed upon.