Estimate the demand for new products

Reference no: EM1373583

Printing company

Question1. How does your company or management go about estimating its sales? How does it determine the demand for new products so that it can prepare a production run?

Question2. Which is more important for your organization: a. Lower cost, quality, customer expectations, or b. Some other feature? Why?

Question3. Is the market system the best kind of economic system for businesses to operate in? Why or why not? What role, if any, should the government play in affecting the supply and demand of a key commodity such as gasoline or electricity? Explain.

Reference no: EM1373583

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