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

To improve the accuracy of demand forecasting for new store locations, GHI Retail should prioritize the following tools or methods: 1. **Historical Sales Data Analysis**: This is crucial as it provides insights into past sales trends, seasonality, and customer preferences. Analyzing historical data can help identify patterns that are likely to continue in new locations. 2. **Customer Satisfaction Surveys**: While not as direct as historical sales data, understanding customer satisfaction can provide valuable insights into potential demand. If customers are satisfied with the products and services, it is likely that demand will be strong in new locations. 3. **Competitor Pricing Analysis**: Knowing how competitors price their products can help GHI Retail position itself effectively in the market. This analysis can inform pricing strategies that attract customers and drive demand. 4. **Employee Performance Reviews**: While important for internal assessments, employee performance reviews are less directly related to demand forecasting. They can help improve operations but do not provide insights into market demand. In summary, the most effective method for improving demand forecasting would be to prioritize **historical sales data analysis** first, followed by **customer satisfaction surveys** and **competitor pricing analysis**. Employee performance reviews should be considered less critical in this context.