Ch 7

Question 1

THE NUMBER OF PRODUCTS TO BE PRODUCED SHOULD
MATCH THE __________, THEREFORE, ACHIEVING SALES
OBJECTIVES

Answer 1

DEMAND

Question 2

VITAL IN DETERMINING SALES
AND PROFIT

THE BASED FOR FURTHER
FORECASTING

Answer 2

Demand Schedule

Question 3

*_____________ CAN BE
OBTAIN THROUGH TREND
METHOD (OPERATING DAYS)
*THOUGH, THE METHOD IS USING
ASSUMPTIONS, ENSURE THAT
DATA IS CLOSE TO BE REALISTIC

Answer 3

DEMAND FORECAST

Question 4

VALUABLE TOOL FOR MARKETING
PRACTITIONER AND SERVED AS BASIS FOR VARIOUS BUSINESS OPERATION OR ACTIVITIES

• A GOOD FORECAST PROVIDE MORE
  OPPORTUNITIES TO ORGANIZATION IN TERMS
  OF BUDGET ALLOCATION SOURCE FROM THE
  OPERATION PROCEEDS

Answer 4

Sales forecast

Question 5

THE PRODUCT BETWEEN UNITS
PRODUCED AND THE SELLING PRICE

Answer 5

Sales

Question 6

SALES =

Answer 6

OF UNITS PRODUCT X
SP

Question 7

THE PRODUCT BETWEEN UNITS
PRODUCED AND THE COST OF
PRODUCTION

Answer 7

Cost of good sold

Question 8

THE SUM BETWEEN COST AND
MARK-UP

Answer 8

Selling price

Question 9

THE DIFFERENCE BETWEEN SELLING
PRICE AND COGS DIVIDED BY COGS

Answer 9

Markup

Question 10

UTILIZES AT LEAST
THREE (3) YEARS OF DATA, HOWEVER, THE
CONCEPT OF FORECASTING SHOULD
ALWAYS BE LONGITUDINAL
*THE ASSUMPTION IS THAT, THE RESULT OF
THE AVERAGE IS THE RESULT OF THE
FORECASTED AMOUNT OF THE NEXT YEAR

Answer 10

Average method

Question 11

ONE OF THE REQUISITE TO USE THE
AVERAGE METHOD IS THAT, THERE
SHOULD BE ______________–
SIMPLY MEANS THAT ALL YEARS
UTILIZED IN LP SHOULD HAVE
SALES VALUE/DEMAND OR NET
INCOME

Answer 11

NO MISSING DATA