Paradise Kitchens proposes entering 17 new metropolitan markets in the next five years. For this reason, the financial plan cannot use simple trend extrapolation. Instead, the forecasting method used was
A)curvilinear trend extrapolation.
B)management judgment.
C)survey of buyers' intentions.
D)salesforce survey.
E)direct forecasting.

Question

Quizplus · Accepted Answer

Management judgment is used when entering new markets, as it relies on the experience and insights of management rather than historical data, which may not be applicable in new markets.

Paradise Kitchens Proposes Entering 17 New Metropolitan Markets in the Next