While working as a marketing manager, John made a prediction that sales would increase by roughly the same amount every year from 2014 to 2018 if the company's marketing expenditure stayed unchanged. In 2021, he decided to use historical data from the past years' sales figures to test the prediction he made in 2014. Question 1 options: a. No, sales increased by more than the amount predicted. b. No, sales decreased. c. Yes, the prediction was on target. d. No, sales increased by an amount less than predicted.

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
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While working as a marketing
manager, John made a prediction that
sales would increase by roughly the
same amount every year from 2014 to
2018 if the company's marketing
expenditure stayed unchanged. In
2021, he decided to use historical data
from the past years' sales figures to
test the prediction he made in 2014.
Question 1 options:
a. No, sales increased by
more than the amount
predicted.
b. No, sales decreased.
c. Yes, the prediction was on
target.
d. No, sales increased by an
amount less than predicted.
Transcribed Image Text:While working as a marketing manager, John made a prediction that sales would increase by roughly the same amount every year from 2014 to 2018 if the company's marketing expenditure stayed unchanged. In 2021, he decided to use historical data from the past years' sales figures to test the prediction he made in 2014. Question 1 options: a. No, sales increased by more than the amount predicted. b. No, sales decreased. c. Yes, the prediction was on target. d. No, sales increased by an amount less than predicted.
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