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Estimate the current and future demand for one

Question:1 Estimate the current and future demand for one of the following items utilizing two different methods for current demand and two different methods for future demand as outlined below:The two key methods that are typically used when estimating current demand is total market potential and industry sales/market share.There are actually five methods for forecasting future sales which include; surveys, expert opinions, past-sales analysis, market-test methods, and sales force opinions. (choose two)Items:Car GPS navigation systemsSmart phonesElectric carsE-readersJuicersDVRsYour initial post should be 200 to 300 words in length, include two academic sources2 Go to the American Marketing Association website http://www.marketingpower.com/Pages/default.aspx review their Statement of Ethics and read carefully their ethical value on Fairness.Businesses regularly set prices to satisfy demand or to reflect the premium that consumers are willing to pay for a product or service. This can result in $2 bottles of water, $150 running shoes, different prices at gas stations only miles or block apart, and $500 concert tickets as well as different prices in different parts of the country/world or at different times of the year.Choose a stance:Prices should reflect the value consumers are willing to pay.High prices reflect price gouging. Prices should reflect only a minimal markup to the cost of making a product or delivering a service.Answer the following:Explain your reasoning for the stance that you selected.Reflect on whether your stance would be different if you were viewing it through your “business lens” versus your “Christian lens.” Should these views converge How?Defend your answers with a detailed evaluation using clear and insightful critical thinking.Your initial post should be 200 to 300 words in length, include two academic sources

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