जuesuon 11 ymarkuis quesuion GHI Retail is planning to expand its operations by opening new stores in various locations. To ensure the success of this expansion, the management team needs to forecast the demand for their products in these new markets accuratey. Which of the following tools or methods should CHIl Retail prioritise to improve the accuracy of their demand forecasting for the new store locations? Historical sales data analysis Customer satisfaction surveys Competitor pricing analysis Employee performance reviews SAVE \& CONTINUE

GHI Retail can prioritize analyzing historical sales data because it provides valuable insights into purchasing trends, seasonality, and customer preferences, which are essential for predicting future demand in new markets. By examining past performance in similar locations, they can identify patterns that will help guide their inventory and marketing strategies. In addition, customer satisfaction surveys can be a goldmine of information! Engaging with potential clients in the new locations can reveal what products they truly desire and why they choose to shop. This feedback will not only refine their inventory decisions but also enhance customer loyalty from day one as they cater to local tastes and preferences.