If the factors affecting sales growth historically are expected to change in the future due to the introduction of new products, total revenue growth may accelerate from its historical trend. In contrast, the emergence of additional competitors in the future may limit revenue growth by eroding the firm's market share and selling prices.

Question

Quizplus · Accepted Answer

The statement is true because changes to factors such as new product introduction and increased competition can have an impact on a company's sales growth. If new products are successful, they can increase revenue growth, while increased competition may limit growth by decreasing market share and selling prices.

If the Factors Affecting Sales Growth Historically Are Expected to Change