The sales forecast is influenced by:
A)competition.
B)general economic conditions.
C)advertising and sales promotions.
D)All of these answers are correct.

Question

Quizplus · Accepted Answer

All of the given options (competition, general economic conditions, advertising and sales promotions) can influence the sales forecast. Competitors' pricing strategies, market share, and product offerings can affect a company's sales. Economic conditions such as inflation, unemployment, and interest rates can impact consumers' disposable income, influencing their purchasing decisions. Advertising and sales promotions can increase brand awareness and stimulate demand, resulting in higher sales figures. Therefore, all the options mentioned in the question are correct.

The Sales Forecast Is Influenced By