Which is a better planning tool: benchmarking or forecasting? Support your answe
Q: These are plans basaed on strategc plans and cascaded to the first line management for operational…
A: Dear student as per our guideline we can answer only first question in case of multiple questions…
Q: How does the accuracy of prediction markets compare to public opinion polls? Prediction markets'…
A: The answer is as below:
Q: Which of the following is a measure of performance that, if accomplished, should lead to a desired…
A: Leading indicators refers to the series of factors which directly or indirectly leads to overall…
Q: Predictive Data Analytics - Forecasting tools are used to predict how a sample population is going…
A: Descriptive data analysis Descriptive data analysis determines the state of any business.…
Q: identify a methodology in planning that you would use to address the problems on the motorway and…
A: Motorways are defined as broad highways that are designed for arranging high speedtraffics. It puts…
Q: Marketing ROI (return on investment) is an extension of Multiple Choice a. marketing audits.…
A: Marketing is the activity made by the business to build customers for the firm. Here resources needs…
Q: Can customer expectations be 'Unrealistic'? How can a Service Marketer deal with Unrealistic…
A: ANSWER: YES, all business wants to provide proper service to customer but sometimes customers have…
Q: Briefly explain the difference between lagging indicators and leading indicators.
A: A lagging indicator is a monetary sign that becomes clear solely after an enormous shift has…
Q: Describe the step in planning affective Business message page?
A: Business Message: The business message page is very important to convey a proper…
Q: reby narrowing the width of the zone of tolerance for your organization’s customers. What…
A: The term "customer expectation" refers to what a customer has come to anticipate from a company,…
Q: What would be the impact of mistakes in marketing budgeting? a. None of the option b. The company…
A: The answer is as follows:
Q: Netflix decided to distribute the show "Orange is the New Black". This decision was because the…
A: Data analytics is a process of inspecting, transforming and modelling information. The main goal of…
Q: The following should be considered: Is it possible that Big Data and Predictive Analytics would have…
A: Consumer behavior is one of the most complex things, it is affected by various factors both internal…
Q: List some of the operations and functions in a companythat are dependent on a forecast for product…
A: Demand forecasting is the practice of predicting the demand of an item in advance. It is achieved by…
Q: In marketing, a strategy is: Select one: a. E-Marketing strategy b. A set of ideas that outline how…
A: Marketing can be explained as the activities that the companies undertake to promote and sell its…
Q: Strategies that know whether one non-goal state is “more promising” than another are called
A: I believe the correct option is b) Informed and Heuristic search.
Q: What are examples of a good purpose statement to write for the aging baby boomer crisis in research…
A: Research Planning helps the researcher to develop a blueprint or roadmap for what is to be achieved…
Q: The major activity in strategic planning is and businesses that make up the company. whereby…
A: Strategic planning can be referred to as an organizational strategy that aids the management in…
Q: Crystal is a marketing manager who is deciding how to allocate the financial resources among three…
A: The correct answer is (c) Crystal is a marketing manager who is deciding how to allocate the…
Q: _______ 7. Which of the following describes the PEST Analysis? A. A broad framework to help…
A: PEST Analysis : PEST Analysis is (political, economic, social, and technological) is a management…
Q: Which of the following factors are not important to consider in making a sales forecast? A.…
A: A sales forecast is described as the process of estimating future revenue by making predictions of…
Q: Briefly describe (step by step) how to develop the multi-criteria planning
A: Multicriteria decision making or planning is done to select the best alternative, like every…
Q: Managers may survey customers to determine , or the qualitative and quantitative aspects of the…
A: Customer is the person who takes part in the economic exchange with the firm. He is a person who…
Q: The following should be considered: Consider if predictive analytics, such as the use of big data,…
A: Predictive analytics in marketing refers to predicting certain marketing outcomes, through the use…
Q: These are type of information currently available in the files of the company's market information…
A: MKIS termed as Marketing information system is defined as the Management Information system (MIS),…
Q: Which of the following is the first step in strategic planning? a. • Setting short term goals…
A: The first step in strategic planning is D. Defining the organizational Mission.
Q: How might an executive’s comments to Wall Street analystsaffect demand forecasts, and what are the…
A: Wallstreet is located in New York City and is the place where investment banks and US brokerages are…
Q: 11. Each part of the firm prepares its own sales forecast under the top-down approach. Select one: O…
A: Yes its true
Q: 9- The main function of business research is to: a. Attempt to forecast the future behaviour of…
A: Business research includes the activity of gathering business information and evaluating it for…
Q: Take into consideration the following: Do you believe Big Data and Predictive Analytics, for…
A: The big data and predictive analysis is a form of technology which is utilised by the organisations,…
Q: Is there a difference between forecasting demand and forecasting sales? Can demand be forecast from…
A: Forecasting is the process of making assumptions of future events based on past and present…
Q: Measures of success are Select one: a. criteria or standards used in evaluating proposed solutions…
A: Achievement measurements are changing each day. Here are 7 Ways To Measure True Success.…
Q: Imagine they have been hired as the director of marketing for a minor league baseball team. The team…
A: Being hired as a director for minor league baseball team . he will be facing lots of challenges and…
Q: In a dynamic and complex world, managers must plan for effective innovation What would be the top…
A: Managers must prepare for successful innovation, it is true. Because it offers various advantages,…
Q: As a manager with a consumer durable firm exlpain how you you would forecast used for coming months…
A: Here, we would work on applying the appropriate forecasting method or technique that should be…
Q: Which of the following is NOT a type of qualitative forecasting? a.jury of executive opinion b.…
A: Moving average is a type of quantitative forecasting technique.
Q: What is ensemble forecasting?
A: Forecasting is a process that utilizes historical data as information to create informed assessments…
Q: descrive how to develop marketing plan, collecting information and forecasting demand for the new…
A: Marketing plan is a long term process. Marketing plan can be developed only after gathering…
Q: ying decisi
A: Types of Consumer Decisions Analyzing consumer behavior may be done using the following…
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Solved in 3 steps
- which is a better planning tool: Benchmarking or forecasting?As a new product developer, you recently launched a new Consumer product into the market. Identify 3 key metrics that you might typically forecast when planning your product launch and then track following product launch. Why did you select these 3 metrics?How Do I Do this? Explain how Nordstrom could make use of participatory planning for continuous improvements in areas such as product purchasing, floor displays, and sales associates’ job satisfaction.
- In your own opinion, which is a better planning tool: benchmarking or forecasting?Both the bottom-up and the top-down approaches can be used to forecast sales. When might you prefer the bottom-up approach? When might you prefer the top-down approach?How can a casual analysis, a statistical analysis, and a Pareto analysis be differentiated from one another? Which of the following groups best encapsulates the ODC methodology?
- A. Identify the critical success factors (CSF) of an organization?B. Describe the CSF approach methodology in IS planning?C. Discuss the use of business systems planning (BSP) in IS planning?A is the collection of data that helps forecast whether an idea, opportunity or venture will survive. Select one: O a. SWOT analysis b. business assessment c. feasibility study d. case studySWOT analysis and Pesteli trends analysis about music fest or concert events.