During which life cycle stage is a venture typically most accurate in forecasting sales?

Select one:

a. rapid growth stage

b. startup stage

c.development stage

d.early-maturity stage

e.survival stage

A "new" venture usually begins its sales forecast by first:

Select one:

a.forecasting industry sales and expressing the venture's sales as a percent of industry sales

b.using a "bottom-up" market-driven approach

c.extrapolating past sales

d.working with existing and potential customers

Lola is in the process of forecasting the sales growth rate for an early-stage venture specializing in the production of durable running shoes. Lola predicts a .2 probability of an 80% growth in sales, a .3 probability of a 60% growth in sales, a .4 probability of a 40% growth in sales, and a .1 probability of a 10%decreasein sales. What is the expected sales growth rate of the venture?

Select one:

a.47%

b.49%

c.51%

d.53%

which of the following is not part of the financial forecasting process used to project financial statements?

Select one:

a.forecast sales

b.forecast tax rates

c.project the income statement

d.project the balance sheet

e.project the statement of cash flows