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In the line graph, if the sales of Product A peaked in March and then declined,
Practice Questions
Q1
In the line graph, if the sales of Product A peaked in March and then declined, what could be a possible reason for this trend?
Seasonal demand
Increased competition
Price hike
All of the above
Questions & Step-by-Step Solutions
In the line graph, if the sales of Product A peaked in March and then declined, what could be a possible reason for this trend?
Steps
Concepts
Step 1: Look at the line graph to see the sales of Product A over time.
Step 2: Notice that sales reached their highest point in March (this is called a peak).
Step 3: Observe that after March, the sales started to go down (this is called a decline).
Step 4: Think about possible reasons for the peak in March, such as seasonal demand, promotions, or new product launches.
Step 5: Consider why sales might decline after the peak, like market saturation, increased competition, or changes in consumer preferences.
Step 6: Conclude that multiple factors could be responsible for both the peak and the decline in sales.
No concepts available.
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