Verbal language includes hand and arm gestures, eye contact and movement, facial expressions, the position of your body, and your overall appearance. _________________________
Answer the following statement true (T) or false (F)
False
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Cost analysis can identify a level below which a price should not be set under normal circumstances.
Answer the following statement true (T) or false (F)
Use the data set below (Data Set E3) to answer the questions that follow. Data Set E3 Period Sales Volume 1 1000 2 1200 3 1450 4 1750 5 2200 6 2750
a. Find the four-period simple moving average forecasts for Periods 5 and 6. b. Find the four-period weighted moving average forecasts for Periods 5 and 6 using weights of 0.05, 0.15, 0.30, and 0.50 from the earliest period to the latest period, respectively. c. Which set of forecasts is more accurate, the simple moving average forecasts or the weighted moving average forecasts? Why is that set of forecasts more accurate in this particular case (using Data Set E3)? d. Will that type of forecast always be more accurate? Why or why not?
Competitors who agree that each will serve only a designated portion of the market are deemed to be engaging in a group boycott.
Answer the following statement true (T) or false (F)
[Part 1] A small sporting goods company is considering investing $2000 in a project at the start of year 1 that will produce volleyballs over the next five years. The company plans to produce and sell 200 volleyballs in the first year, and expects that
volume to grow by 10% each year thereafter. The unit selling price forecast the company has developed is $20 in year 1, $22 in year 2, $25 in year 3, $28 in year 4, and $31.50 in year 5 . Variable costs are forecast to be $15 per unit produced, and there will be a fixed overhead cost in each year of $500 . (Unless otherwise indicated, assume that all cash flows occur at the end of the year.) Use the graphing function in Excel to construct a scatterplot of forecasted price versus time, and fit a linear trendline to the data. What are the coefficients of the linear model, and what is the MAPE of a linear model forecast, compared to the company's forecast?