When a marketer thinks that there is a demand for the product in the market but in reality, there is isn’t, it is known as _______ demand.
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. 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. 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. 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. 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.
In 1870, who among the following formed the Puna sarvjanik sabha ?
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Israel ties up with which of the following institutions to set up water technology centre, ‘India-Israel Center of Water Technology’ (CoWT)
The famous dialogue between Nachiketa and Yama is mentioned in the
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2. Complet...
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In April 2023, the Election Commission abolished the national status of which of the following political parties?