Which of the Below Is Not a Major Evidence-Based Method

question 19

Multiple Choice

Which of the below is not a major evidence-based method for estimating market potential and forecasting sales?

• A)statistical methods
• B)market tests
• C)marketing plans
• D)focus groups

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Definitions:

Tea

Tea is a beverage made by pouring hot or boiling water over cured or fresh leaves of the Camellia sinensis plant, traditionally consumed hot but also enjoyed cold.

Price of Antiques

The monetary value assigned to antique items, which is often influenced by their rarity, condition, historical significance, and market demand.

Supply

Supply refers to the total amount of a specific good or service that is available to consumers, which can vary based on price, production costs, and other factors.

Demand

The volume of a commodity or service that shoppers are ready and financially able to acquire at assorted price points within a set period.