MANAGEMENT

Detailed explanation-1: -Point-of-sale data is data that is collected from transactions made at a point of sale, such as a retail store. This data can include information about the products that were purchased, the date and time of the transaction, and the location of the point of sale.

Detailed explanation-2: -Which aspect of global trade examines the relationship between a country’s exports and imports and is usually expressed as a surplus or deficit? Balance of trade.

Detailed explanation-3: -Purchasing power parity (PPP) allows for economists to compare economic productivity and standards of living between countries.

Detailed explanation-4: -Forecasting is the process of making predictions based on past and present data. Later these can be compared (resolved) against what happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results. Prediction is a similar but more general term.