Why Do Marketers in Most Industries Have Difficulty Making Estimates

question 2

Multiple Choice

Why do marketers in most industries have difficulty making estimates and predictions beyond five years?

• A) The elected members hold the office for five years which stabilizes political and legal environment only for five years.
• B) There are many uncertainties in the marketplace.
• C) The margin for error in long-term forecasting is very small.
• D) The cost involved limits predictions beyond five years.

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Definitions:

Cellular Division

A biological process whereby a cell splits into two or more daughter cells.

Premature Birth

The birth of a baby before the standard gestation period is completed, typically before the 37th week of pregnancy.

Immaturity Of Lungs

A condition often seen in premature infants where the lungs are not fully developed, leading to difficulties in breathing independently.