A Marketing Researcher Estimates That During the Next Year a Market's

Multiple Choice

A marketing researcher estimates that during the next year a market's total purchases of a new product will be $250,000. One firm expects to sell $110,000 worth. It knows that its profits will be about 10 percent of its sales. This firm's sales forecast is:

A) $90,000
B) $250,000
C) $110,000
D) $11,000
E) There is not enough information to tell.