One must focus on the customer need for a product rather than the physical format of the
product while defining a market.
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FALSE
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Miller agreed in writing to purchase Owner Morgan's property through Broker Gold. Miller deposited with Gold a personal check for $500 towards a purchase price of $65,000. The offer contained the following clause: "Conditioned upon the obtaining of a VA loan for $65,000 for a period of 30 years, payable at approximately $679 per month including interest at the rate of 11% per annum plus taxes and insurance." Which most nearly represents Buyer Miller's option under this purchase transaction:
A: If the $65,000 VA loan is not obtainable, the buyer may renegotiate the terms of the purchase contract if mutually agreeable between buyer and seller; B: If the Certified Real Value (CRV) is less than $65,000, Buyer Miller would be entitled to cancel the transaction; C: If the Certificate of Real Value on the property is $63,000, the buyer could complete the purchase by making an additional $2,000 down payment; D: The buyer could select any of the above.
The sales force method of forecasting is an example of a time-series method of forecasting
Indicate whether the statement is true or false