A cosmetics manufacturer's marketing department has developed a linear trend equation that can be used to predict annual sale its popular Hand & Foot Cream. Ft= 60,000+ 18,000t Where Ft = Annual sales t is in years (Enter all answers as whole numbers.) a. Are annual sales increasing or decreasing? By how much? Annual sales are increasing decreasing Annual sales for year 6 by b. Predict annual sales for year 6 using the equation. bottles bottles per year.
A cosmetics manufacturer's marketing department has developed a linear trend equation that can be used to predict annual sale its popular Hand & Foot Cream. Ft= 60,000+ 18,000t Where Ft = Annual sales t is in years (Enter all answers as whole numbers.) a. Are annual sales increasing or decreasing? By how much? Annual sales are increasing decreasing Annual sales for year 6 by b. Predict annual sales for year 6 using the equation. bottles bottles per year.
Contemporary Marketing
18th Edition
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Louis E. Boone, David L. Kurtz
Chapter14: Pricing Strategies
Section14.2: Forecasting Demand
Problem 1LO
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