Due to the Greater Uncertainties and Data Limitations Associated with Foreign

question 80

True/False

Due to the greater uncertainties and data limitations associated with foreign markets, two methods of demand forecasting are particularly suitable for international marketers: probabilistic forecasting and reference class forecasting.

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Definitions:

Electronic Marketing

Utilizing digital platforms and technologies to promote products, services, or brands to potential customers.

Industrial Distributor

A business that purchases goods directly from manufacturers and sells them to companies, usually in large quantities for industrial use.

Global Broker

An intermediary who facilitates international transactions and investments between parties from different countries.

Chinese Market

The marketplace encompassing the buying, selling, and production of goods and services in China.