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Asked by Kendall Messerole on Apr 27, 2024

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The purpose of a market forecast is to estimate future ________.

A) sales in an industry
B) budget constraints
C) sales of a product
D) market share

Market Forecast

The projection or estimation of future market trends, sizes, and characteristics based on current and historical data.

Sales in An Industry

The total volume or value of all products or services sold within a specific industry over a certain period.

Future Sales

Projected revenue from selling goods or services over a future period.

  • Understand the purpose and methodologies of market forecasting and budgeting in marketing.
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TH
Tanner HearneApr 29, 2024
Final Answer :
A
Explanation :
A market forecast is specifically focused on estimating future sales and demand within a particular industry or market, rather than individual products or companies. While budget constraints and market share may be indirectly impacted by the forecast, they are not the primary purpose or focus.

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