Sales Forecast Refers to

question 293

Multiple Choice

sales forecast refers to

• A) the total sales of a product that a firm expects to sell during a specified time period under specified environmental conditions and its own marketing efforts.
• B) the total industry sales generated by a product during a specified time period that results from specified environmental conditions and based on the collective marketing efforts of all firms in the industry.
• C) the total expected sales from a product that ignores environmental forces.
• D) sales goals based on past performances of individual sales representatives.
• E) published information about competitors' sales from the NAICS.

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Definitions:

State and Federal Income Taxes

Taxes imposed on individuals and businesses by state and the federal government based on the income earned within the tax year.

Necessities

Essential goods or services required for basic living and sustaining human life, often including food, water, shelter, and clothing.

Technology

Inventions or innovations from applied science or engineering research.

Applied Science

The discipline of applying existing scientific knowledge to develop more practical applications, such as technology or inventions.