Company XYZ is interested in determining how much revenue and profit potential exist for a new product it is considering manufacturing. The company will need to size the market.

Question

Quizplus · Accepted Answer

Sizing the market is an important step in determining the revenue and profit potential for a new product. It helps the company understand the size of the market opportunity and the demand for their product, which can inform their pricing and production strategies.

Company XYZ Is Interested in Determining How Much Revenue and Profit