If the line graph shows a downward trend for Product C but an upward trend for Product A, what could be a potential market implication?
Practice Questions
1 question
Q1
If the line graph shows a downward trend for Product C but an upward trend for Product A, what could be a potential market implication?
Product C is losing market share
Product A is gaining popularity
Both products are affected by external factors
All of the above
The trends suggest that Product C is losing market share while Product A is gaining popularity.
Questions & Step-by-step Solutions
1 item
Q
Q: If the line graph shows a downward trend for Product C but an upward trend for Product A, what could be a potential market implication?
Solution: The trends suggest that Product C is losing market share while Product A is gaining popularity.
Steps: 5
Step 1: Look at the line graph for Product C. Notice that the line is going down. This means that fewer people are buying Product C over time.
Step 2: Now, look at the line graph for Product A. See that the line is going up. This means that more people are buying Product A over time.
Step 3: Since Product C is losing buyers, it might be losing its popularity in the market.
Step 4: On the other hand, since Product A is gaining buyers, it is becoming more popular.
Step 5: The overall implication is that Product C might be losing market share to Product A, which could mean that Product A is becoming the preferred choice for consumers.
