Which of the following is true of an analogy forecasting method?
A. It is a useful approach for entrepreneurs to forecast sales of a new business.
B. It is best suited to forecast sales of established products than that of new products.
C. It is purely based on observations on what people actually do.
D. It conducts surveys to estimate market potential or forecast sales.
Answer:A
Which of the following is true of an analogy forecasting method?
A. It is a useful approach for entrepreneurs to forecast sales of a new business. B. It is best suited to forecast sales of established products than that of new products. C. It is purely based on observations on what people actually do. D. It conducts surveys to estimate market potential or forecast sales.