If the line graph shows a sharp increase in sales for Product C in December, wha

Practice Questions

Q1
If the line graph shows a sharp increase in sales for Product C in December, what inference can be made about consumer behavior?
  1. Holiday shopping
  2. Product launch
  3. Price reduction
  4. Market saturation

Questions & Step-by-Step Solutions

If the line graph shows a sharp increase in sales for Product C in December, what inference can be made about consumer behavior?
  • Step 1: Look at the line graph and identify the sharp increase in sales for Product C in December.
  • Step 2: Consider the time of year; December is typically associated with the holiday season.
  • Step 3: Think about consumer behavior during the holidays, when people often buy gifts.
  • Step 4: Conclude that the increase in sales is likely due to more people shopping for gifts during this time.
  • Consumer Behavior – Understanding how consumers make purchasing decisions, particularly during specific times of the year like holidays.
  • Sales Trends – Analyzing patterns in sales data to infer potential reasons for increases or decreases in product sales.
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