Which of the Following Statements About Methods Used to Forecast

question 12

Multiple Choice

Which of the following statements about methods used to forecast sales is true?

• A)The statistical demand analysis appeals to managers because it is simple to use and to understand
• B)The market test is the ultimate test of consumer reaction to a product
• C)Any biases created in a sales forecast created through a force composite can be inexpensively corrected
• D)The users' expectations method of sales forecasting works best with products like baby clothes,snack food and home computer systems
• E)Sales forecasting using the jury of executive opinion method should never be used with new products

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Definitions:

Surveillance

The close observation, especially of a suspected spy or criminal.

Advocating Position

The act of openly supporting or arguing in favor of a particular stance or viewpoint.

Prenegotiation Phase

The initial stage in a negotiation process where parties prepare, plan, and strategize their positions and objectives before formal negotiations begin.

Informal Contact

Unofficial or casual interactions between individuals that occur outside formal or structured settings.