Sales Forecasts 5.02

Sales Forecasts 5.02

9th - 12th Grade

12 Qs

quiz-placeholder

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Sales Forecasts 5.02

Sales Forecasts 5.02

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Stephanie Ayers

Used 21+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ________ predicts a company's future sales.

Revenue stream

Sales forecast

Wholesaler

Department manager

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Qualitative forecasting is based on which of the following? Choose ALL that apply.

Expert opinion

Past experience

Factual numbers

Current observations

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Quantitative forecasting is based on? Select ALL that apply.

Hard facts

Expert Opinions

Numerical data

Current observation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Weaknesses of qualitative data included which of the following.

Could be biased and lack accuracy

Provides a variety of viewpoints

It is inexpensive

Beneficial when there isn't hard facts available

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Benefits of quantitative data include?

Requires subscriptions to industry publications

It is expensive

It is complicated to organize and compile data

It is reliable and objective

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Short-term forecasts are for 3 months or less. They are used to

Help with day-to-day planning, scheduling, staffing and inventory

Help create yearly budgets

Plan for capital expenditures, like land or machinery.

Decide on developing new products

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Intermediate forecasts cover from 3 months to 2 years. They are used to:

Plan day-to-day activities like scheduling, staffing, and inventory

Plan yearly budgets and capital expenditures

Plan for new buildings/facilities

Plan for new product development

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