Question
The type of demand forecasting, which involves demand
forecasting experts from outside the firm is known as _________.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. 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.
Term used to the organism genetic composition having two identical allele for a trait
The test to confirm presence of Sesame oil in Vanaspati in sufficient quantity as per regulations is:
How much boron concentration (mg/kg) is unsafe for plant growth?
A laboratory which develops methods of testing, provides validation and technical support and evaluates performance is designated as a:
Which of these resistances is contributing maximum to the gas exchange in leaves?
Which of the following instrument is used for measurement of specific heat?
Which type of silk is spun from open-ended cocoons and is produced by Philosamia ricini, which mainly feeds on castor leaves?
In sheep, what is the term used for the act of mating?
Removal of inedible parts or defective parts of foods and cutting to a size appropriate for further processing is called:
A method of asexual propagation in which a stem is made to produce roots while still attached to the parent plant is called
