Which of the following statements is false regarding the process of preparing a sales forecast?
A) It usually starts with last year's level of sales.
B) General economic trends are often considered.
C) Since it involves estimates of future events, accuracy is of little importance.
D) The larger the size and complexity of an organization, the more complex their sales forecasting system will be.
C
You might also like to view...
If the ex-post real interest rate is 5 percent and actual inflation rate is 2 percent, the nominal interest rate is _____
A. 7 percent. B. 3 percent. C. 2.5 percent. D. 2 percent.
When serving brand loyal customers, which of the following factors is most important for a retailer?
A. Offering only national brands B. Offering only private-label brands C. Offering suitable alternatives D. Offering specific brands E. Encouraging cross-shopping
One sign of the increasing level of competition in today's marketplace is the increasing failure rates of both start-up and long-standing businesses
Indicate whether the statement is true or false
The language you use in business should always be:
A. gender-specific. B. gender-neutral. C. stereotypical. D. complex.