A ____ estimates how much of a product and/or service will be purchased within a market over a defined period of time.
A)market forecast
B)market analysis
C)sales forecast
D)sales analysis

Question

Quizplus · Accepted Answer

A sales forecast estimates the amount of product and/or service that will be purchased within a market over a defined period of time, whereas a market forecast provides a broader picture of the overall conditions and trends in a market. A market analysis is an examination of various factors that can affect the market, such as demographics, competition, and economic conditions. A sales analysis looks at past sales data to identify patterns and trends. Therefore, the most suitable choice for this definition is C, sales forecast.

A ____ Estimates How Much of a Product And/or Service