As Part of the Budget Processing,a(n)__________ Is Often Included to Understand

question 181

Multiple Choice

As part of the budget processing,a(n) __________ is often included to understand potential total company profitability.

• A)sales forecast
• B)Delphi forecast
• C)industry potential
• D)market potential

---

Definitions:

Demand Increases

Situations or conditions that lead to a rise in the quantity of a product or service that consumers are willing and able to purchase.

Market Supply

The total quantity of a good or service that all producers in a market are willing and able to sell at various prices.

Market Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that all suppliers are willing to produce and sell.

Competitive Industry

A market scenario where numerous producers compete to offer goods or services to consumers, ensuring no single entity dominates the market prices or supply.