Scenario 5.2 Use the following to answer the questions. GE Transportation produces locomotive engines for sale in countries around the world. After looking at the total market for locomotive engines, the company found that various rail lines wanted different types of engines. Major rail lines in the U.S. and South America wanted engines to haul heavy freight. Rail lines in Sweden and Germany were interested in a cleaner, greener locomotive engine. Rail lines operated by several Eastern European countries wanted locomotive engines for running short distances between cities in their own country. GE Transportation is currently manufacturing its GE 4400 for heavy freight, its Hybrid Eco-Engine, and its Dash 9, suited for shortline transport. Refer to Scenario 5.2. Currently, GE uses several

sales forecasting methods. One method is to sell the different locomotive engines to buyers in different countries, and then measure the purchasing response in each. In this case, GE Transportation is using the _____ method to forecast future sales.

A. Delphi
B. market test
C. regression analysis
D. volume usage
E. trend analysis


Answer: B

Business

You might also like to view...

Oligopolies most often exist in industries that require little investment in equipment, technology, or materials to produce a product

Indicate whether the statement is true or false

Business

The distinction between avoidable and unavoidable costs is similar to the distinction between

a. variable costs and fixed costs. b. variable costs and mixed costs. c. step-variable costs and fixed costs. d. discretionary costs and committed costs.

Business

The purpose of report preliminaries is to preview the report

Indicate whether the statement is true or false

Business

Suppose, with reference to #12 above, that Pickford already owns an interest in the biotech firm, but Munford Stanley is not the underwriter. Pickford:

a. Does not have a conflict of interest. b. Has a conflict of interest, but it is acceptable in IPOs. c. Has a conflict of interest that must be disclosed to all purchasers. d. Does not have a conflict of interest, but Munford Stanley does. e. None of the above

Business