Which of the following is a suggested source for forecasting sales for a new business?
A)Industry projections
B)Market data
C)Both industry projections and market data.
D)Neither industry projections nor market data.

Question

Quizplus · Accepted Answer

Both industry projections and market data are suggested sources for forecasting sales for a new business. Industry projections can provide information on overall trends and expected growth in the relevant market, while market data can help to identify potential customers and their buying habits. Using both sources can provide a more comprehensive understanding of the potential demand for the new business's products or services.

Which of the Following Is a Suggested Source for Forecasting