If the line graph shows a downward trend for Product C over several months, what

Practice Questions

Q1
If the line graph shows a downward trend for Product C over several months, what strategy might the company consider?
  1. Increase advertising
  2. Reduce prices
  3. Enhance product features
  4. All of the above

Questions & Step-by-Step Solutions

If the line graph shows a downward trend for Product C over several months, what strategy might the company consider?
  • Step 1: Analyze the reasons for the downward trend in sales of Product C.
  • Step 2: Gather feedback from customers to understand their needs and preferences.
  • Step 3: Consider improving the product based on customer feedback.
  • Step 4: Increase marketing efforts to raise awareness about Product C.
  • Step 5: Offer promotions or discounts to encourage more purchases.
  • Step 6: Explore new distribution channels to reach more customers.
  • Step 7: Monitor the results of these strategies and adjust as needed.
  • Trend Analysis – Understanding how to interpret a downward trend in sales and its implications for business strategy.
  • Strategic Planning – Identifying potential strategies to address declining sales and improve product performance.
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