Answer:
Offering products that most customers would find exciting and would want to try
Explanation:
Gaining a competitive advantage is key to the survival of a manufacturer in a competitive market , In order to achieve this , a manufacturer has to come up with strategies to beat the competing producers in the market.
If Theo Chocolate can offer products that most customers would find exciting compared to the existing conventional products in the market , this will attract customers as they like out trying new products and stick to it as long as the quality remains good. However , Theo will need to constantly improve on this maintain market dominance.
Answer:true
Explanation:
To create an atmosphere of easy communication and profit earning
Answer:
B. Jury of executive opinion method.
Explanation:
There are several methods of forecasting sales, one of which is Jury of executive opinion method. In this method, senior executives in an organization are called upon by the upper management to analyze, deliberate and come up with what probably will be the future sales of the organization which will in turn drive future revenue.
In as much as the people involved have experience in terms of forecasting, their overall submission will form the basis of future sales forecast of the organization.
Unlike Delphi method which involves the use of experts in analyzing and forecasting future sales and whose procedure is somewhat rigorous and formal, jury of executive opinion is not formal and only rely on the outcome of deliberations done by the managers appointed by the organization.
Other method of sales forecast are market share method, buyer intention method. etc.
<span>A firm determines its profit by subtracting total cost from revenue</span>
