While Developing a Company Sales Forecast at Safeway,Barb Herrington Discovered

question 134

Multiple Choice

While developing a company sales forecast at Safeway,Barb Herrington discovered a pattern in sales volume over the past five years.She likely used which sales forecasting technique?

• A) Surveys
• B) Executive judgment
• C) Time series analysis
• D) Market tests
• E) Regression analysis

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Definitions:

Needs Hierarchy Model

A theoretical framework introduced by Abraham Maslow, proposing that human needs are arranged in a hierarchy, with basic needs at the bottom and self-actualization at the top.

Widely Recognized

Known or acknowledged by a large number of people or across a broad spectrum.

Physiological Needs

Basic physical requirements for human survival, such as air, water, food, shelter, and sleep.

Prestige

The respect, admiration, or distinction accorded to an individual or organization from achievements, quality, or reputation.