Richard is trying to figure out how many units of his product his new business could reasonably expect to sell in its first year. Richard is working on the
A) production schedule.
B) marketing research.
C) inventory policy.
D) sales forecast.

Question

Quizplus · Accepted Answer

Richard is trying to estimate the number of units he can sell in the first year, which falls under the category of sales forecasting. A production schedule relates to scheduling the production process, marketing research involves understanding the market and customer preferences, and inventory policy involves managing inventory levels.

Richard Is Trying to Figure Out How Many Units of His