Which of the Following Best Describes the Process of Market

question 67

Multiple Choice

Which of the following best describes the process of market sizing?

• A)estimating how much of your product or service should be produced or released based on a particular customer base and revenue potential
• B)estimating the number of potential customers and possible revenue or profitability of a product or service
• C)estimating the growth potential for a particular customer base and the future lifespan of the product or service in that market
• D)determining the net value that a customer base is willing to put into your specific product or service

---

Definitions:

Stakeholder Needs

The requirements or expectations that stakeholders, including customers, employees, and investors, have of an organization.

Youth Workers

Individuals who provide guidance, support, and advocacy to young people through various programs and activities.

HR Audits

Comprehensive and systematic evaluations of an organization's Human Resource functions, policies, and practices to ensure they are efficient and compliant with legal standards.

Performance Assessments

The systematic evaluation of an employee's job performance, usually involving comparison against set benchmarks or objectives.