ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is an example of internal information used for quantitative sales forecasting:
A
Mass media stories
B
Past sales records
C
Government reports
D
Trade magazines
Explanation: 

Detailed explanation-1: -Some of the quantitative methods of forecasting are:-Time Series Analysis 3. Moving Average Method 4. Exponential Smoothing Method 5. Regression Analysis 6.

Detailed explanation-2: -Expert-Verified Answer. An example of an internal change that could affect a business s sales forecast is a change in the size of the sales force. Option(C) is the correct answer.

Detailed explanation-3: -What is an Example of Sales Forecasting? Different companies can use different methods to forecast their future sales. Common sales forecasting examples include historical forecasting, opportunity stage forecasting, length of sales cycle forecasting, multivariable forecasting, and pipeline forecasting.

Detailed explanation-4: -There are three basic types-qualitative techniques, time series analysis and projection, and causal models.

There is 1 question to complete.