14 Aug MKT 5210 Mid-Term ExamDr. RippéInstructions:Please respond the questions below.
MKT 5210 Mid-Term ExamDr. RippéInstructions:Please respond the questions below. Each response should take no more than ½ page, single spaced. It isimportant that your responses are concise, thorough, and well-supported.=================================================================Sales forecasting is often viewed as one of the most difficult challenges for sales executives, marketingmanagers, and others responsible for making them. One of the reasons for this is that those responsiblefor making sales forecasts recognize the major implications incorrect forecasts can have on all functionalareas of the firm.1. What forecasting guidelines should be followed to improve the predictions?================================================================It is a common practice for firms to reorganize to better serve their markets and most importantcustomers. Itâs interesting how different companies and selling organizations define âmost importantcustomersâ.2. Assuming the role of a senior sales management executive, how would you define âmostimportantâ customers (by current sales, potential sales, other criteria)? Please be sure toinclude support for your response.==================================================================In general, salespeople used to have access to far more information than their buyers. However, in thepast 10 to 15 years, access to âreal-timeâ information has given the edge to buyers changing how theyview their jobs. Buyers are better equipped to understand their costs, enhance their understanding ofwhich items to purchase and from whom.3. How has this dramatic increase of information affected the relationship, bothinterpersonally and professionally, between purchasing agents and the sales reps calling onthem?
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