BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Involves estimating the future trends and changes in the environment.
A
forecasting
B
perceptual mapping
C
trend series analysis
D
pestel analysis
Explanation: 

Detailed explanation-1: -Ecological forecasting uses knowledge of physics, ecology and physiology to predict how ecological populations, communities, or ecosystems will change in the future in response to environmental factors such as climate change.

Detailed explanation-2: -Trend Forecasting is the process of researching and formulating predictions on consumers future buying habits. By identifying the source, tracing the evolution, and recognising patterns of trends, forecasters are able to provide designers and brands with a ‘vision’ of the future.

Detailed explanation-3: -Demand forecasting is known as the process of making future estimations in relation to customer demand over a specific period.

Detailed explanation-4: -The trends method involves determining the speed and direction of movement for fronts, high and low pressure centers, and areas of clouds and precipitation. Using this information, the forecaster can predict where he or she expects those features to be at some future time.

There is 1 question to complete.