Let's say you work for a company that makes prepared breakfast cereals like corn flakes. Your company is planning to introduce a new hot breakfast product made from whole grains that would require some minimal preparation by the consumer. This would be a completely new product for the company.
(A) How would you propose forecasting initial demand for this product?

The best step to take in forecasting initial demand is to use sales volumes of existing products to forecast demand for a new one.

This method is particularly useful since new product is a variation on an existing one involving, for example a new hot breakfast product made from whole grains that would require some minimal preparation by the consumer

Since it is a new product in the line of breakfast cereals, there variations can come in the form of a different color, size or flavor to increase marginal utitlity bearing in mind that the market segment is still the same.

Based on this forecast, you can make sales projections.

answer; /// i believe the correct answers are (b) change in population and (e) future expectation of check first, good luck

the correct answer is - no.

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