Water prices are normally set according to the average cost of providing water Group of answer choices A. True B. False

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Which of the following is not a factor that determines how much you are able to charge for your product or service?   Group of answer choices Your cost to provide the product or service Value or price your product or service creates for the customer Price that competitors charge for alternative products or services Season of the year or natural disaster

Quarterly sales of a local department store over a 4-year period are given below: Quarters 2016 Q1 Sales (in millions) 500 Quarters 2018 Q1 Sales (in millions) 560 2016 Q2 490 580 2018 Q2 2018 Q3 2018 Q4 2019 Q1 2019 Q2 2016 Q3 570 630 2016 Q4 2017 Q1 2017 Q2 750 720 480 540 500 590 2017 Q3 580 2019 Q3 620 2017 Q4 740 2019 Q4 790 The data shows sign of seasonality. By computing seasonal indices for each quarter, forecast the sales for each quarter in year 2020, given that the estimated sales in 2020 is

Services differ from products because   Cannot be forecast Are subject to labor rates Are dependent on labor They cannot be weighed and usually require interaction with a company

Customer lifetime value (CLV) focuses on: Group of answer choices net present value of a customer's business over the span of it's relationship with the selling firm. The initial order size to establish a customers buying patterns for future orders. Expediting future orders as customers are staying with sales firms for shorter periods. the profitability value of a customer short and long term.

Toothpaste and soap generally exhibit a _______ pattern of demand. Group of answer choices Cyclic Level or horizontal Seasonal Trend

The Porter’s Five Forces Model can help us understand why different firms in the same industry are more profitable than others Group of answer choices   True False

A company wants to forecast demand using the weighted moving average. If the company uses three prior yearly sales values (i.e., the year 2014 = 155, the year 2015 = 140 and year 2016 = 170), and we want to weight the year 2014 at 30%, the year 2015 at 35% and year 2016 at 40%, which of the following is the weighted moving average forecast for the year 2017? 170 158 O 164 O 160

48- The maximum number of sales that can occur in a given period to an individual or businesses that are willing to sell in a given market is known as: a. Product demand b. Market potential c. Market demand d. All the options are correct