Some Sources of Information That Retailers Use to Develop Forecasts

question 28

Multiple Choice

Some sources of information that retailers use to develop forecasts for fashion merchandise categories include:

• A) market research
• B) fashion and trend services
• C) vendors
• D) previous sales data
• E) All of these

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Definitions:

Direct Labor Hours

The total hours worked by employees directly involved in the production process.

Machine Hours

A measure of the total time that a machine is operated, used in calculating manufacturing costs and allocating expenses.

Commercial Washer

A heavy-duty washing machine designed for extensive use in a commercial setting, such as in laundromats or hotels.

Plantwide Overhead Rate

A single overhead rate calculated by dividing total factory overhead by total base units, used to allocate overhead costs to products.