Honeydew,a well-known confectionery,plans to introduce a walnut fudge candy.It asks some of its regular customers to sample it and provide their opinion.In this way,the management hopes to estimate the likely number of buyers for the product,if introduced in their store.Honeydew used the _____ method of forecasting.

Question

Quizplus · Accepted Answer

The survey method of forecasting involves collecting data from a group of people to gather their opinions and feedback on a specific product or service. Honeydew is using this method by asking its regular customers to sample the new walnut fudge candy and provide their opinion.

Honeydew,a Well-Known Confectionery,plans to Introduce a Walnut Fudge Candy