The Forecast for the Third Quarter Is 2,000 Units; the Seasonal

question 6

Multiple Choice

The forecast for the third quarter is 2,000 units; the seasonal index for the quarter is 1.18. What are the seasonally adjusted sales for the quarter?

• A)2,000
• B)2,018
• C)2,118
• D)2,360

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Definitions:

Dynamic Pricing

A pricing strategy where prices are adjusted in real-time based on demand, supply, and other external factors.

Supply and Demand

An economic model describing the relationship between the availability of a product (supply) and the desire for that product (demand) which determines its price on the market.

Real Time

The processing of data and execution of actions almost instantaneously, with minimal delay.

Viral Marketing

A marketing strategy that focuses on spreading information and opinions about a product or service from person to person, especially by using unconventional means such as the Internet or email, to influence.