How are sales forecasts developed for an established business? How are sales forecasts developed for a new business enterprise?
What will be an ideal response?
For an established business, a sales forecast can be derived from past sales data, using quantitative techniques like linear or multiple regression, time series analysis, and others. The business owner must be aware that economic swings, increased competition, fluctuations in demand, normal seasonal variations, and other factors that can have a dramatic effect on sales.
The task of forecasting sales for the new firm is more difficult, but not impossible. The founder of a new business might rely on similar firms and their first-year sales patterns, published statistics, market surveys, and experts' opinions to derive a sales forecast. The local Chamber of Commerce and trade associations may be able to provide helpful statistics. Marketing research using census data, government statistics, polls, surveys, etc., is also a potential source of data for forecasting sales.
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Which of the following statements is true of the Statute of Frauds?
A) An executory contract that is not in writing even though the Statute of Frauds requires it to be is enforceable by either party. B) Executed oral contracts that should have been in writing under the Statute of Frauds can be rescinded. C) If an oral contract that should have been in writing under the Statute of Frauds is already executed, either party may seek to rescind the contract. D) Most states require contracts to pay compensation for services rendered in negotiating the purchase of a business to be in writing.
The degree to which members of the group are similar to, or different from, one another is considered as diversity
Indicate whether the statement is true or false