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Forecast Methods Based on Judgment,opinion,past Experiences,or Best Guesses Are Known

question 94

Multiple Choice

Forecast methods based on judgment,opinion,past experiences,or best guesses are known as ___________ methods.


Definitions:

Sales Price

The amount of money a buyer pays to purchase a product or service from a seller.

Contribution Margin Ratio

A ratio that measures the portion of sales revenue that exceeds variable costs, indicating how sales affect profitability.

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