Given the Greater Uncertainties and Data Limitations Associated with Foreign

question 14

Multiple Choice

Given the greater uncertainties and data limitations associated with foreign markets, two methods of forecasting demand are particularly suitable for international marketers. Which of the following is one of those methods?

• A) Probabilistic forecasting
• B) Expert opinion
• C) Simulation
• D) Extrapolation
• E) Scenario building

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Definitions:

Two-party Instrument

A financial document or contract that involves two parties directly, typically involving a payer and a payee.

Three-party Instrument

A financial document involving three parties, typically referring to negotiable instruments where there is a drawer, drawee, and payee.

Relative Permanence

Pertains to the duration or stability of something compared with others, often indicating that it is more lasting or fixed but not permanent.

Requirements Of Negotiability

Legal criteria that a document must meet to be considered negotiable, enabling the transfer of the document to another party under commercial law.