A manager is trying to decide which product to emphasize in promotion and advertising efforts. Following the decision process used by managers, predictions about the amounts of future sales of the two products are used as input to the ________

A) prediction model
B) prediction method
C) decision model
D) evaluation model

C

Business

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Daily demand for newspapers for the last 10 days has been as follows: 12, 13, 16, 15, 12, 18, 14, 12, 13, 15 (listed from oldest to most recent). Forecast sales for the next day using a two-day weighted moving average where the weights are 3 and 1

A) 14.5 B) 13.5 C) 14 D) 12.25 E) 12.75

Business

Given this change in the cost ________

A) SR6 will now command a higher sales price B) SR6 has benefited from the new system C) SR6 is definitely more accurately costed D) the costing results for SR6 under the new system depend on the adequacy and quality of the estimated cost drivers and costs used by the system

Business