Question

Developing cost estimates and sales forecasts to learn whether a new product idea meets financial objectives is called product

Answer 1

Developing cost estimates and sales forecasts to learn whether a new product idea meets financial objectives is called Business Analysis.

Financial objectives typically focus on increasing a business's profits or sales, however, they'll additionally focus on investments and economic stability. Financial objectives are often measurable goals that businesses can track and reach. These objectives are typically focused on long-term success.

There are six types of Financial objectives: revenue objectives, cost objectives, Profit objectives, cash flow objectives, investment objectives, and capital structure objectives.

• Growth in revenues.
• Growth in earnings.
• Wider profit margins.
• Bigger cash flows.
• Higher returns on invested capital.
• Attractive economic value added (EVA) performance.
• Attractive and sustainable increases in market value added(MVA)
• A more diversified revenue base.  

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