The ideal order for conducting these 4 types of forecasts is:
Market Potential, Sales Potential, Market Forecast, Sales Forecast
Market Potential, Market Forecast, Sales Potential, Sales Forecast
Sales Potential, Market Potential, Sales Forecast, Market Forecast
Sales Forecast, Market Potential, Market Forecast, Sales Potential
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I think Answer is B - market potential market forecast sales potential sales sales forecast
If it's the right then
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Answer:
The ideal order would be:
Market Potential, Market Forecast, Sales Potential, Sales Forecast.
Explanation:
Steps of Marketing analysis:
- Market Potential- Market potential is about estimating the amount of money one can make from the product that they wish to market.
- Market Forecast - Market forecast is a core component of a market analysis. it is about analyzing the future trends, characteristics and numbers in the target market.
- Sales Potential- An organisation's expected sales of a product in a given market for a specific period.
- Sales Forecast- Sales forecast is a method of projecting the future oreinted sales revenue a company will be able to generate. In other words Sales Forecast is about anticipating the estimates an organisation is plans to sell within a given time frame.
Therefore on the basis of above discussion the correct order will be Market Potential, Market Forecast, Sales Potential, Sales Forecast
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