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The total volume of a product that would be bought by a defined customer group in a defined geographic area in a defined time period is:

ASales Forecast
BMarket Demand
CCompany Sales Potential
DMarket Potential

Explanation

* Market Demand represents total expected purchasing volume under a defined marketing program environment.
* Market Potential is the limit approached by market demand as industry marketing expenditures approach infinity.
* Company Sales Forecast is the expected level of company sales based on a chosen marketing plan.

Exam Relevance
  • Topic: Marketing Research
  • Subtopic: Demand Forecasting
Submitted by: mcqstutor Team More Marketing MCQs →

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