Question

How would a new business get information to accurately forecast its sales?

Answer 1

Answer: A it would look at competitors' sales and profitability

Step-by-step explanation:

Answer 2

A couple of ways that business can use to get the informaiton are:
- By collecting Customer relation Management Data
This data is useful to know the satisfaction level of the customer and their tendency to return and repeat the purchase
- By observing the inventory
This includes observing the rate of inventory turnover to create a pattern that might be repeated for the following year.