______________ is a quick estimate based on sales growth.Select one:a.percentage of salesb.moving averagec.monthly estimated.gross sales
Question
____________ is a quick estimate based on sales growth.
Select one:
- a. percentage of sales
- b. moving average
- c. monthly estimated.
- d. gross sales
Solution
Break Down the Problem
- Identify the Question: The question asks for a term that describes a quick estimate based on sales growth.
- Options Available: Review the provided options to determine which best fits the description.
Relevant Concepts
- Understanding the Options:
- a. Percentage of Sales: This usually refers to calculating a percentage of total sales but does not specifically indicate estimation.
- b. Moving Average: This is a statistical calculation used to analyze data points by creating averages of different subsets of the complete dataset. It is more focused on smoothing data over time rather than quick estimation.
- c. Monthly Estimated: This term is vague and does not clearly relate to a specific estimation method.
- d. Gross Sales: Represents the total sales revenue without deductions but does not imply estimation.
Analysis and Detail
- Evaluation of Each Option:
- Percentage of sales could provide insights into growth but is not strictly for quick estimates.
- Moving average deals with trends over time rather than estimating sales.
- Monthly estimated lacks clarity in directness.
- Gross sales simply refer to total revenue and does not denote an estimation approach.
Verify and Summarize
After evaluating the options, it becomes clear that none of the options seem to directly relate to a "quick estimate based on sales growth" explicitly. However, "percentage of sales" is the closest to providing an actionable quick estimate related to growth.
Final Answer
a. percentage of sales
Similar Questions
(a) Calculate the 4-year moving average of the following data related to the sales in a department store.
A firm's total output times the price at which it sells that output is:Question 8Select one:a.net revenue.b.total revenue.c.average revenue.d.marginal revenue.
if we want to calculate annual increase in a firm then which of the following average will be used?
The method of moving average is used a. to smooth a series b. to exponentiate a series c. to plot a series d. in regression analysis
Which average is most suitable for determining the average growth rate of a company over several years?Arithmetic meanGeometric meanHarmonic meanMedian
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.