Question

Briefly describe the four separate ways of estimating the annual sales and market share of a...

Briefly describe the four separate ways of estimating the annual sales and market share of a new business.

Homework Answers

Answer #1
  • Contact trade association: Contact the premier trade association in your industry and get the information from them about if they tract the sales numbers for the business which are similar to your organization. if they don't track ask them if there is any new other metrics are used in the new companies for estimating the sales.
  • find a comparable organization selling the comparable product.
  • Do the research and internet search in order to find the articles and magazines which focus on your business industry. These articles also may tell about sales experience.
  • Multiplication method: It is a method to arrive at the reasonable number. while considering this method you need to consider several business industries and condut the primary search for better estimation.
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