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Questions and Answers
Which of the following is NOT a primary purpose of forecasting in product management?
Which of the following is NOT a primary purpose of forecasting in product management?
- Identifying potential risks and opportunities
- Evaluating the effectiveness of marketing campaigns (correct)
- Determining the optimal pricing strategy
- Predicting future demand for the product
Which of the following is NOT a factor that forecasting typically considers?
Which of the following is NOT a factor that forecasting typically considers?
- Competitor pricing strategies (correct)
- Historical sales data
- Customer preferences
- Market trends
What is the primary benefit of accurate forecasting in product management?
What is the primary benefit of accurate forecasting in product management?
- Enhanced marketing and advertising effectiveness
- Improved supply chain efficiency
- Increased customer satisfaction
- Better resource allocation and cost management (correct)
Which of the following statements about forecasting is NOT true?
Which of the following statements about forecasting is NOT true?
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What is the primary goal of forecasting in product management?
What is the primary goal of forecasting in product management?
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