Entrepreneurs should base their market assessments,production schedules,inventory policies,and personnel decisions on:
A)techniques of observation.
B)qualitative analysis.
C)intuition alone.
D)the sales forecast.

Question

Quizplus · Accepted Answer

Sales forecast provides entrepreneurs with an estimation of potential demand and revenue. It helps in making decisions related to market assessments, production schedules, inventory policies, and personnel decisions based on the expected sales volume. Therefore, the sales forecast is a more reliable and data-based approach compared to intuition or observation, making it the best choice.

Entrepreneurs Should Base Their Market Assessments,production Schedules,inventory Policies,and Personnel Decisions