At a Meeting with Your Fellow Executives at KFC, You're

question 101

Multiple Choice

At a meeting with your fellow executives at KFC, you're discussing introducing a new low-fat grilled chicken nugget option, which is significantly different from the company's usual menu items. The CEO wants to get an accurate sales forecast for the product before giving it the green light. Of the following arguments in favor of using various techniques, which one makes the most sense to you?

• A) Alex suggests surveying potential buyers since the company has access to so many consumers.
• B) Bruce points out that using data from other similar products to conduct a trend analysis would be the least expensive choice.
• C) Taylor recommends getting sales forecasts from store managers, a form of sales force composite, since they're so familiar with KFC customer preferences.
• D) Anya claims that test marketing in a few select cities will provide the most realistic information on actual purchases.

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Definitions:

Price Of Burritos

The cost consumers pay to purchase a burrito, which can vary based on ingredients, location, and restaurant type.

Demand Shifts

Changes in the desire or need for a product or service, influenced by factors such as price, consumer preferences, and income levels.

Excess Supply

A situation where the quantity of a good supplied is greater than the quantity demanded at a given price.

Demand Shifts

Refers to the change in the quantity of a product that consumers are willing and able to buy at different prices, caused by factors other than the price of the product itself.