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According to business economics, the growth of an existing product is used to estimate the demand for a new product using:

3136Medium DSSSB TGT Computer Science 0 replies

According to business economics, the growth of an existing product is used to estimate the demand for a new product using:

  • Agrowth curve approach
  • Bvicarious approach
  • Csubstitute approach
  • Dopinion polling approach
Correct answer: C

Explanation

In the substitute approach the growth of an existing product is used to forecast demand for the new product.
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