New World Releases is conducting a business analysis to determine which of the many new songs available to management should be released.Sales must be estimated before costs can be estimated.Which of the following did your text recommend for forecasting sales?
A)applying the PLC concept
B)considering the sales history of similar products and conducting surveys of market opinions
C)considering the history of market opinions
D)conducting surveys of competitors
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 demand to provide a more accurate estimate of potential sales. The other options (applying the PLC concept, considering history of market opinions, and conducting surveys of competitors) do not provide as comprehensive of an analysis for sales forecasting.

New World Releases Is Conducting a Business Analysis to Determine