Arrange the following steps of market feasibility study in the sequential order:

(A) Based on the cost and anticipated sales revenue, calculating the break-even price and the sales volume.

(B) Forecasting sales, based on demand estimation and competitive analysis.

(C) Estimation of demand in the target market, of different price levels.

(D) Estimating the cost of serving the market segment.

Choose the correct answer from the options given below:

1
(B), (C), (D), (A)
2
(C), (B), (D), (A)
3
(B), (D), (A), (C)
4
(C), (B), (A), (D)

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