sales forecasting helps businesses in:\n○ a a. allocating resources efficiently\n○ b b. setting marketing…

sales forecasting helps businesses in:\n○ a a. allocating resources efficiently\n○ b b. setting marketing objectives\n○ c c. reducing customer retention rates\n○ d d. managing inventory turnover\n\nquestion 64 (1 point)\nsocial factors influencing consumer behavior include:\n○ a a. personal lifestyle\n○ b b. peer groups and family\n○ c c. brand reputation and features\n○ d d. none of the above\n\nquestion 65 (1 point)\nwhat is a drawback of globalization and international trade?\n○ a a. knowledge transfer\n○ b b. economic growth\n○ c c. job displacement

sales forecasting helps businesses in:\n○ a a. allocating resources efficiently\n○ b b. setting marketing objectives\n○ c c. reducing customer retention rates\n○ d d. managing inventory turnover\n\nquestion 64 (1 point)\nsocial factors influencing consumer behavior include:\n○ a a. personal lifestyle\n○ b b. peer groups and family\n○ c c. brand reputation and features\n○ d d. none of the above\n\nquestion 65 (1 point)\nwhat is a drawback of globalization and international trade?\n○ a a. knowledge transfer\n○ b b. economic growth\n○ c c. job displacement

Answer

Brief Explanations:

  • For the first question, sales forecasting helps in efficient resource - allocation, setting marketing objectives, and managing inventory turnover. It has no relation to reducing customer retention rates.
  • For the second question, peer groups and family are social factors influencing consumer behavior. Personal lifestyle is a personal factor and brand reputation is a product - related factor.
  • For the third question, job displacement can occur due to globalization and international trade as production may shift to countries with lower labor costs. Knowledge transfer and economic growth are positive aspects.

Answer:

a. A. Allocating resources efficiently b. B. Peer groups and family c. C. Job displacement