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) business proposal

Question

Quizplus · Accepted Answer

A business analysis involves reviewing sales, costs, and profit projections for a new product to determine if they align with the company's goals and objectives. A business feasibility plan outlines the practicality of a proposed business venture, marketing strategy development focuses specifically on the promotion and distribution of a product, product acceptance refers to the degree to which consumers are willing to purchase and use a product, and a business proposal is a formal offer made to potential investors or clients.

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