The Best Way to Understand the Financial Implications of a Product

question 11

True/False

The best way to understand the financial implications of a product development project is to construct a base-case financial model.

---

Definitions:

Historical Data

Archived data from the past used for reference or analysis to understand trends, patterns, or to make future predictions.

Consumer Demographics

The statistical aspects of consumers such as age, income, gender, and education, used by businesses to identify target markets.

Industry Trends

Patterns and shifts in the market or industry behavior that demonstrate the general direction in which something is developing or changing.

Salesforce Einstein

An artificial intelligence technology developed by Salesforce to enhance CRM (Customer Relationship Management) tasks through predictive analytics and machine learning.