What Is the Difference Between Trend Analysis and Management Forecasts

question 43

Multiple Choice

What is the difference between trend analysis and management forecasts?

• A) Trend analysis is used to analyze the business environment and management forecasts predict labour needs.
• B) Trend analysis uses organizational indexes and management forecasts utilize statistical techniques.
• C) Trend analysis is quantitative and management forecasts are qualitative.
• D) Trend analysis has proven success and management forecasts have major shortcomings.

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Definitions:

Motivate

To inspire, stimulate, or encourage an individual or group to take action or to enhance their performance through incentives or intrinsic rewards.

Prospect

A potential customer or client who meets the criteria to purchase a product or service but has not yet done so.

Act Immediately

A call to action urging individuals to respond or make a decision without delay, often used in marketing to create urgency.

Suggestive Proposition Close

A sales technique where the salesperson suggests a specific action or decision for the customer, promoting a sense of urgency or benefit.