Question
Christy pest control solutions was trying to forecast
sales for the next year. The marketing manager sent out a survey to 1000 prospective customers, asking them if they were planning to deinfect their houses in the next 12 months. This is an example of a:Solution
1. Trend projection Here data of past sales is used to project future sales. This is the simplest and most straightforward method of demand forecasting. Â 2. Market research This is based on data from customer surveys. Time and effort is required to prepare and send out surveys and tabulate data. Â 3. Sales force composite This method uses the experience of the sales team in a company. Feedback from the sales group is used to forecast customer demand. Â 4. Delphi method Demand forecasting experts from outside the firm are involved in this method. Several rounds of questionnaires are held which are to be responded anonymously until the group of forecasting experts comes to a consensus. Â 5. Econometric A mathematical formula is created to predict future customer demand. Here, statistical tools and economic theories are combined to estimate the economic variables and to forecast the intended variables.
Phase II of the 21st edition of the Varuna bilateral exercise took place in which maritime region?
Consider the following statements about Red Tide:Â
1.     Recently, a committee appointed by NGT to inspected the Kuruchikuppam drain and ...
Who was appointed the first Surveyor General of India in 1815?
Which NBFCs are now allowed to co-lend with private lenders under RBI’s 2025 Co-Lending Arrangement reforms?
Consider the following statements about Scabies:
1. It is a parasitic infestation caused by a mite known as Sarcoptesscabiei
2. These ...
Which of the following statements is/are correct regarding ‘Gabon’?
What conditions favour the development of a heatwave?
1.Prevalence of hot dry air over a region
2.Absence of moisture in the upper atmosph...
What is the minimum age prescribed to apply for PM Vishwakarma Yojana?
In which location was the 'Garhwal Motor Owners Union Limited' founded?
Who is the writer of the Sanskrit play "Vikramorvasiyam," which is based on the love story involving mortal men and the heavenly Urvashi?