Objective A 5.02

Objective A 5.02

Assessment

Flashcard

Business

9th Grade

Practice Problem

Hard

Created by

Wayground Content

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15 questions

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1.

FLASHCARD QUESTION

Front

What is the primary purpose of a sales forecast?

Back

To predict a company’s future sales based on past performances and expected market conditions

2.

FLASHCARD QUESTION

Front

Which of the following is a benefit of creating sales forecasts?
Decreasing customer satisfaction,
Increasing revenue,
Increasing production costs,
Decreasing product quality

Back

Increasing revenue

3.

FLASHCARD QUESTION

Front

What is qualitative sales forecasting based on?

Back

Expert opinion and personal experience

4.

FLASHCARD QUESTION

Front

Which of the following is a disadvantage of qualitative forecasting? It is expensive, It lacks a high level of accuracy due to potential bias, It requires a lot of numerical data, It is time-consuming

Back

It lacks a high level of accuracy due to potential bias

5.

FLASHCARD QUESTION

Front

Quantitative sales forecasting relies on which of the following? Personal opinions, Employee interviews, Customer feedback

Back

Hard facts or numerical data

6.

FLASHCARD QUESTION

Front

Which of the following is an internal factor that can affect sales forecasts? Economic conditions, Political conditions, Labor disputes, Season/Weather

Back

Labor disputes

7.

FLASHCARD QUESTION

Front

What is an example of an external factor that can influence sales forecasts?

Back

Economic conditions

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