0
What else can I help you with?
Define marketing distinguish product marketing and services markrting with suitable example?
Define Marketing. Distinguish product marketing and services marketing with suitable examples
The forecasting time horizon and the forecasting techniques used tend to vary over the life cycle of a product true or false?
Yes, they do tend to vary over the life cycle of a product.
What is macro and micro forecasting?
Macro forecasting is related to forecasting external forces that affect the firm. This is concerned with forecasting the markets and determining market demand, supplies and other external factors such as legal, cultural, economic and technological environmentsMicro forecasting is concerned with forecasting internal environments such as sales forecasts, market share and product life cycles. These can be described as factors which firm has control over or able to acquire information to forecast what will happen. For example, a company can check its sales records to forecast next months' sales
What is an expert opinion in forecasting?
Expert opinion is when in a professional field gives his/her opinion about a certain product.
Structured judgemental sales forecasting?
Structured judgmental sales forecasting requires the affiliate marketer to make decisions based on historical data. The forecast is done with field knowledge of the product.
Define marketing distinguish product marketing and services markrting with suitable example?
Define Marketing. Distinguish product marketing and services marketing with suitable examples
Some example of solicitation?
Solicitation is when you offer a product or service to someone. An example is when you walk into a business, ask to see the owner, and discuss your product or service. When a prostitute offers a service to someone, that is a solicitation.
Why is alloy an example of mixture?
alloy is good material and suitable for so much product such as airplane and others
The forecasting time horizon and the forecasting techniques used tend to vary over the life cycle of a product true or false?
Yes, they do tend to vary over the life cycle of a product.
What is an example of something that reduces demand for a product?
Often when prices are too high and demand for a product or service lessens, it is because consumers have found a suitable substitute.
What is macro and micro forecasting?
Macro forecasting is related to forecasting external forces that affect the firm. This is concerned with forecasting the markets and determining market demand, supplies and other external factors such as legal, cultural, economic and technological environmentsMicro forecasting is concerned with forecasting internal environments such as sales forecasts, market share and product life cycles. These can be described as factors which firm has control over or able to acquire information to forecast what will happen. For example, a company can check its sales records to forecast next months' sales
How do demand forecasting method for new products vary from those for established product?
The demand forecasting method goes by the phrase "supply and demand" as the forecasting method provides products both currently and popularly in demand. Meanwhile, established products work with the forecasting method as a means to remind everyone that there are products for those whom could not otherwise afford a product similar to the one currently in demand by the suppliers selling the product.
Distinguish between demand estimation and demand forecasting?
Demand estimation's purpose is to determine the approximate level of demand for the product whereas demand forecasting's purpose is to estimate the quantity of product or service that consumers will purchase.
What is the need for demand forecasting?
The need for demand forecasting is to help companies see the future of products they are launching. They can see what the future will hold for certain product and what the pricing should be.
How Do demand forecasting method for new products vary from those for established products?
The demand forecasting method goes by the phrase "supply and demand" as the forecasting method provides products both currently and popularly in demand. Meanwhile, established products work with the forecasting method as a means to remind everyone that there are products for those whom could not otherwise afford a product similar to the one currently in demand by the suppliers selling the product.
What are the objectives of product forecasting?
The objectives of product forecasting include accurately predicting future demand for a product to optimize inventory levels, minimize costs, and enhance customer satisfaction. It aims to provide insights that guide production planning, resource allocation, and strategic decision-making. Additionally, effective forecasting helps businesses identify market trends and adapt to changing consumer preferences, ultimately driving profitability and competitiveness.
What is an expert opinion in forecasting?
Expert opinion is when in a professional field gives his/her opinion about a certain product.
