Which of the following best describes the process of sales forecasting?
a. Generally speaking, the level of unfilled back orders and credit policies of the company in question can be ignored since these represent competitive responses.
b. Econometric models cannot be used for sales forecasting because of their inherent complexity and limitations.
c. Trend analysis cannot be used for sales forecasting because of seasonality effects.
d. Sales forecasting works best with a simple visual plotting of past data on a graph.
e. Multiple sales forecasting tools are typically used to generate such forecasts
e. Multiple sales forecasting tools are typically used to generate such forecasts
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If an employee is not satisfied with a workers' compensation award, he or she:
A. has no right of appeal. B. may appeal to the state Workers' Compensation Board. C. may appeal directly to state court. D. may appeal directly to federal court.
According to Hamel and Prahalad, which of the following approaches is being utilized by a company that gains access to the know-how developed by other companies through licensing agreements, joint ventures, or partnerships?
A) collaborating B) searching for loose bricks C) building layers of advantage D) changing the rules of engagement