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) Conducting surveys of competitors
B) Considering the history of market opinions
C) Considering the sales history of similar products and conducting surveys of market opinions
D) Applying the PLC concept
E) Test-marketing and commercialization

Question

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)	Conducting surveys of competitors
B)	Considering the history of market opinions
C)	Considering the sales history of similar products and conducting surveys of market opinions
D)	Applying the PLC concept
E)	Test-marketing and commercialization

Quizplus · Accepted Answer

Considering the sales history of similar products and conducting surveys of market opinions are recommended methods for forecasting sales as they provide insights based on historical data and current market sentiment, which can be critical for making informed decisions about new releases.

New World Releases Is Conducting a Business Analysis to Determine