Sales Forecasts to Help Determine the Amount of Inventory to Be

question 63

Multiple Choice

Sales forecasts to help determine the amount of inventory to be held can be based on all of the following except:

• A)the use of statistical techniques.
• B)the judgement of sales staff.
• C)the rate of inflation.
• D)none of the above, i.e., all can be used to determine sales forecasts.

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Definitions:

Pre-delivery Preparation

Activities or procedures performed to ensure a product or service is ready for delivery or use, often involving checks and adjustments.

Risk

The possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility.

Sale of Goods Act

Legislation regulating the sale and purchase of goods, ensuring fairness in transactions and the rights of buyers and sellers.

Fair and Even

An equitable approach that aims for fairness and balance in decision-making or distribution.