If the bar graph shows that the sales of product X increased by 20% from Q1 to Q

Practice Questions

Q1
If the bar graph shows that the sales of product X increased by 20% from Q1 to Q2, what can be inferred about its market performance?
  1. Product X is losing market share.
  2. Product X is performing well in the market.
  3. Product X's sales are stagnant.
  4. Product X's sales are declining.

Questions & Step-by-Step Solutions

If the bar graph shows that the sales of product X increased by 20% from Q1 to Q2, what can be inferred about its market performance?
  • Step 1: Understand what a bar graph represents. A bar graph shows data visually, making it easy to compare different values.
  • Step 2: Identify the time periods being compared. In this case, we are looking at sales from Q1 (the first quarter) to Q2 (the second quarter).
  • Step 3: Note the percentage increase. The question states that sales increased by 20%. This means that the sales in Q2 are 20% higher than in Q1.
  • Step 4: Consider what an increase in sales means. Generally, when sales go up, it suggests that more people are buying the product, which is a good sign for its market performance.
  • Step 5: Conclude that since sales increased by 20%, Product X is likely doing well in the market.
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