For which of the following categories of products will demand forecasting be easiest?
A) commodities which are in the initial stage of their product life cycles
B) products which have many close substitutes in the market
C) goods which are produced in an oligopoly market
D) products whose sales fluctuate widely
E) products whose consumers are highly sensitive to change in price

Question

Quizplus · Accepted Answer

Goods produced in an oligopoly market will have relatively stable demand as the number of firms in the market is small and they have significant control over prices and supply. As a result, forecasting demand for these products will be easier compared to the other options.

For Which of the Following Categories of Products Will Demand