Which of the Following Is True of the Forecasting Approach

question 36

Multiple Choice

Which of the following is true of the forecasting approach for staple merchandise categories?

• A) Buyers need to find out what customers are going to want in the future.
• B) Forecasts are typically based on extrapolating historical sales.
• C) Buyers for these categories rely heavily upon forecast services.
• D) Buyers for these categories conduct focus group studies to find out consumers' opinions.
• E) Buyers for these categories depend upon category sales forecasts which vendors provide.

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Definitions:

CANDU Reactors

A type of nuclear reactor developed in Canada that uses heavy water (deuterium oxide) as both its coolant and neutron moderator, allowing it to use natural uranium as fuel.

Dirtiest Fossil Fuel

Coal, regarded as the most harmful to the environment due to its high carbon dioxide emissions when burned, contributing significantly to air pollution and climate change.

Deep Disposal

The process of disposing waste materials deep underground in specially engineered facilities to prevent contamination of the surface environment or water supplies.

Nuclear Reactors

Devices used to initiate and control a sustained nuclear chain reaction, primarily for the generation of electricity or for the production of nuclear materials for medical or military use.