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2016 Sales figures = 120,000 2017 = £125,000 --- What would you forecast for 2018?

Which of the following would not impact future sales?

Sales Forecasting

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Questions 10

Answers

1
Which of the following would not impact future sales?
Skill of workers
Customer Trends
Unemployment
Seasonal variations
2
2016 Sales figures = 120,000 2017 = £125,000 --- What would you forecast for 2018?
128,000
135,000
130,200
5,200
3
Seasonal Fluctuations means...
Winter and summer sales will change
Coats will only be sold in the winter
Different levels of sales in different times of the year
You won't sell ice cream in winter
4
A larger business is more likely to get their sales forecasts right
False
True
5
Which of the following would we make decisions on based on sales forecasting?
Employees Salary
Seasonality
Manager Bonuses
How much stock to purchase
6
What is time series data
Predicting sales over a series of times
The sum of revenue times 100
Predicting future sales based on historical data
Predicting sales revenue
7
Crocs are cool
False
True
8
Which of these is a difficulty of sales forecasting?
Range of data
Economic variables
Chainging demands
Actions of competitors
9
Subjective Expert Opinions means....
Opinions made by facts from experts
Choosing sales figures based on expert facts
Making opinions based on facts
Opinons that can be wrong
10
A company should only use forecasting to find out how much money they will make?
False
True