Every year,Westview Marble goes through the process of estimating sales for the upcoming year by looking at the company's previous years' sales and market sales along with economic trends and predictions by experts.This process of predicting sales totals over a specific time period is called:
A)model building
B)trend analysis
C)sales forecasting
D)market potential estimation

Question

Quizplus · Accepted Answer

The given scenario describes the process of predicting sales totals over a specific time period, which is known as sales forecasting. Therefore, option C is the correct choice. Options A and D are not appropriate as they do not fit the given scenario. Trend analysis, mentioned in option B, is a statistical technique used to identify patterns and changes in data over time, but it is not specifically related to predicting sales.

Every Year,Westview Marble Goes Through the Process of Estimating Sales