Sony Music is conducting a business analysis to determine which of the many new songs available to management should be released.Estimates of sales must be prepared before costs can be estimated.Which of the following did your text recommend for forecasting sales?
A)considering the history of market opinions
B)conducting surveys of competitors
C)considering the sales history of similar products and conducting surveys of market opinions
D)applying the PLC concept
E)None of the above.

Question

Quizplus · Accepted Answer

The text recommends considering the sales history of similar products and conducting surveys of market opinions for forecasting sales. This approach takes into account both past performance and current market sentiments, providing a more well-rounded estimate of potential sales. Conducting surveys of competitors or applying the PLC concept may also be helpful, but they are not specifically recommended in the text for forecasting sales. Considering only the history of market opinions may not provide enough quantitative data for accurate sales estimates.

Sony Music Is Conducting a Business Analysis to Determine Which