Problem a cosmetics manufacturers marketing department has, Ask an Expert

Management Studies

Problem

A cosmetics manufacturer's marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand & Foot Cream.

Ft = 80 + 15t

where

Ft = Annual Sales (000 bottles)

t = 0 corresponds to 1990

a. Are annual sales increasing or decreasing? By how much?

Annual sales are (Click to select)decreasingincreasing by thousands bottles per year.

b. Predict annual sales for the year 2006 using the equation.

Annual sales are __ thousands of bottles.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92759285

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