Business 2 A_Level

Countries working together to achieve common aims, such as free international trade is

Sales force composite is forecasting that adds individual predictions together from sales representatives in business

A product that experiences an increase in demand when consumer incomes fall is

A business location that gives the best combination of quantitative and qualitative factors is

The maximum output that can be achieved using the available inputs (recourses) is

The regular and repeated variations that occur in sales data within a period of 12 month is

Predicting future sales levels and sales trends is

Factors causing unit costs to rise as industry expands especially in a given region are external diseconomies of scale

"Jury of experts" is a method that uses the secialists within a business to make forecasts for the future.

The launch of the product on a small-scale market to test consumers' reactions to it is

The relocation of a business process from one country to another country is

Which suits the best: "Thinking global - act local"...

One of qualitative factors for location decisions might be external economies and diseconomies of scale

The most basic method of predicting sales based on past results is temed extrapolation.

If price elasticity of demand is 0.4, deman is elastic.

Do you know anything about the Delphi method?

Marketing a standardized product accross the globe, selling the same product in the same way everywhere is

One of qualitative factor for location decision might be infrastructure

If price elasticity of demand is -0.4, the demand is elastic.