Ariston Inc

question 75

Multiple Choice

Ariston Inc.manufactures a wide range of personal care products.Its method of sales forecasting involves conducting detailed surveys of retailers who stock the company's products toward the end of a fiscal year.The aim of this survey is to estimate the quantity of Ariston's products the retailers are likely to order in the next fiscal year.Which of the following approaches of sales forecasting is Ariston using?

• A)Sales forecast composite method
• B)Time-series analysis
• C)Customer expectations method
• D)Jury of executive opinion method

Recognize the effect of supply and demand on pricing and output in monopolistically competitive industries.

Examine the efficiency level of output and its societal implications.

Infer the conditions that lead to firms entering or exiting the market.

Explore the governmental intervention in monopolistically competitive markets and its consequences.

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Definitions:

Capillary Pores

Capillary pores refer to tiny openings in the surface of materials or biological tissues that facilitate the movement of fluids through capillary action.

Capsular Hydrostatic Pressure

The pressure within the capsule of a joint or within the Bowman's capsule in the kidneys, influencing filtration rates.

Bowman Capsule

A cup-like sac at the beginning of the tubular component of a nephron in the kidney, which performs the first step in the filtration of blood to form urine.

Blood Colloid Osmotic Pressure

The pressure exerted by plasma proteins on the capillary walls, which helps to retain water within the circulatory system.