A review of the sales,costs,and profit projections for a new product to find out whether they satisfy the company's objectives is called a ________.
A) business feasibility plan
B) marketing strategy development
C) business analysis
D) product acceptance
E) proposal

Question

Quizplus · Accepted Answer

The review of sales, costs, and profit projections for a new product is called a business analysis. It is a crucial step in determining whether the product is feasible and meets the company's objectives. A business feasibility plan typically includes a business analysis but may also involve market research, a competitive analysis, and a financial analysis. Marketing strategy development, product acceptance, and proposal are all related to the product launch process but do not specifically refer to the sales, costs, and profit projections review.

A Review of the Sales,costs,and Profit Projections for a New