The Life Cycles Analogy Technique Fits Best with Which of the Following

question 11

Multiple Choice

The life cycles analogy technique fits best with which of the following applications?

• A) A retailer wants to develop an overall sales forecast for the coming summer season.
• B) A cereal manufacturer has to decide how much new plant capacity will be required if it enters a new product category.
• C) A parts distribution business needs to create a workforce plan for the remainder of the year.
• D) A fishing lure manufacturer has to decide whether to invest in higher-capacity equipment this year to be ready for the next season's demand.

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Definitions:

VLOOKUP

A function in spreadsheet programs that searches for a value in the first column of a range and returns a value in the same row from a specified column.

Pivot Table

A data summarization tool used in spreadsheet software that enables users to reorganize, group, and summarize data for analysis.

Orientation

The direction in which a document or image is displayed or printed, typically either landscape (horizontal) or portrait (vertical).

Transitions

Visual effects used in presentations or videos that smoothly transition from one slide or scene to the next.