A Qualitative Forecasting Technique Well-Suited for Demand Forecasts of a New

question 50

Multiple Choice

A qualitative forecasting technique well-suited for demand forecasts of a new product or service is the:

• A)Delphi method.
• B)build-up forecast.
• C)life cycle analogy method.
• D)patronage survey.

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Definitions:

Taxes

Compulsory financial charges imposed by a government on individuals, businesses, or transactions to fund public spending.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, engaged in professional, commercial, or industrial activities.

Labor Hours

Labor hours refer to the total number of hours worked by employees within a specified period, often used to measure productivity and labor costs.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the tangible machinery and production equipment used in environments such as factories.