Multiple Choice
Scenario 5.2
Use the following to answer the questions.
GE Transportation Corp produces locomotive engines for sale in countries around the world. After looking at the total market for locomotive engines, the company found that various rail lines wanted different types of engines. Major rail lines in the U.S. and South America wanted engines to haul heavy freight. Rail lines in Sweden and Germany were interested in a cleaner, greener locomotive engine. Rail lines operated by several Eastern European countries wanted locomotive engines for running short distances between cities in their own country. GE Transportation is currently manufacturing its GE 4400 for heavy freight, its Hybrid Eco-Engine, and its Dash 9, suited for shortline transport.
-Refer to Scenario 5.2. Currently, GE uses several sales forecasting methods. One method is to sell the different locomotive engines to buyers in different countries, and then measuring the purchasing response in each. In this case, GE Transportation is using the method to forecast future sales.
A) Delphi
B) market test
C) regression analysis
D) volume usage
E) trend analysis
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Budweiser may choose to segment its market
Q64: Discuss the difference between sales forecasts and
Q86: Using the breakdown approach to sales potential,
Q93: A company sometimes defines a total market
Q95: Family life cycle is a psychological dimension
Q163: Through marketing newsprint to newspaper publishers and
Q167: The Gap Inc. has recently produced a
Q172: What are the conditions under which an
Q172: Scenario 5.1<br>Use the following to answer the
Q181: To find a target market,a firm can