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A method commonly used by companies for short-term forecasts is to take advantage of their field staff's intimate knowledge of customers' needs and market conditions by asking them to forecast the company's sales for their respective areas for the coming season or year.

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What is the meaning of sales force?

By a definition, the sales force is the division of a business that is responsible and involved in selling products or services. The sales force division checks and analyzes customer views and tries to achieve faster service and higher customer satisfaction.


The percent-of- sales method can be used to forecast?

Direct costs


How sales force automation affect productivity?

Sales force automation can have a positive effect on productivity if companies create sales force automation that have been tested and proven to be effective. However, if companies automate non-compelling marketing campaigns they are accelerating the pace of the marketplace discovering its weaknesses.


How do you think sales force automation affects salesperson. productivity marketing management and competitive. advantage?

Sales force automation is field force automation mobile app that automate the business task to manage and track primary and secondary sales activities. Sales force automation mobile app provide real time basis information for sales field operation for management from route Plan to customer visit, payment collection based on invoices, sales count for new orders and confirmation, it helps both primary and secondary sales activities for management and sales staff without wasting time and delay.


Discuss the shortcomings of the percent of sales method of financial forecasting?

The percent of sales method of forecasting needs to based on a series of assumptions, and the forecasting would heavily relay on the percent of sales as the key tool for forecasting. Furthermore, the percentage of sales for the next period cannot prevent the forecasting result from the expectations of the investors.

Related Questions

Demand forecasting in managerial economics?

1. Evolutionary method 2. Substitute method 3. Growth curve method 4. Opinion polling method 5. Sales experience approach 6. Correlation method 7. Controlled experiments 8. Economic Indicators method


What are the Feature of good forecasting methods?

METHODS OF FORECASTING DEMANDBroadly the techniques of forecasting demand can be classified into1. Opinion polling methoda) Consumer survey method Complete enumeration surveySample survey and test marketingEnd-useb) Sales force opinion methodc) Experts' opinion method2. Statistical methodsa) Trend projection method Fitting trend by observationLeast square methodLeast square linear regressionTime series analysisMoving average and annual differenceExponential smoothingb) Barometric technique Leading; lagging and coincident indicatorsDiffusion indicesc) Regression methodd) Simultaneous equation method


Where can one find online sales on force automation?

One does not find online sales on force automation. The question should be "What is sales force automation?" Force automation is not a real thing, but sales force automation is.


Where can one find Sales Force Development application?

One can find Sales Force Development applications at the Sales Force website. Sales Force is best known for their Customer Relationship Management products.


Installment Sales Method?

Installment sales method is a sales method used to determine revenue when a sales or service is purchased on a long term payment plan. Revenue recognition is delayed until the payment is actually made, not at the time of the sale or service delivery.


Impact of sales force in economic development of a nation?

sImpact of sales force in economic development of a nation


What is the formula for percentage of sales method?

The formula used for percentage of sales is quite simple. It entails figuring out the total amount of sales which is equal to one hundred percent. The particular method used is a portion of the total sales.


Mention the method of sales forecasting?

There are many methods of sales forecasting. One method is to look at what has happened in the past and based on that, predict the future.


What are the duties and responsibilities of a sales manager?

1. Managing the sales. 2. To motivate the sales force.


What skills are needed to have good management of a sales force?

There are many skills that are needed to have good management of a sales force. To have good management of a sales force, one needs skills such as leadership skills and communication skills.


What are the advantages of the must do sales forecasting method?

The advantages of the "must do" sales forecasting method include increased accuracy due to focusing on essential sales activities, better alignment with business goals, and improved predictability of future sales performance. This method helps prioritize key activities and resources, leading to more efficient sales planning and execution.


What is sales force automation sfa used for?

Sales force automation software is used to ease the process of various sales processes. This can include inventory control, customer lists, and sales processing as well.