If the line graph indicates a sharp decline in sales for Product B in the last q

Practice Questions

Q1
If the line graph indicates a sharp decline in sales for Product B in the last quarter, what could be a possible inference?
  1. Increased competition
  2. Improved marketing
  3. Seasonal demand
  4. Product discontinuation

Questions & Step-by-Step Solutions

If the line graph indicates a sharp decline in sales for Product B in the last quarter, what could be a possible inference?
  • Step 1: Look at the line graph and identify the sharp decline in sales for Product B in the last quarter.
  • Step 2: Consider what factors could cause a decline in sales, such as competition, changes in consumer preferences, or economic conditions.
  • Step 3: Think about the possibility of increased competition, which could mean that other products are attracting customers away from Product B.
  • Step 4: Conclude that the sharp decline in sales may suggest that Product B is losing market share due to these competitive factors.
  • Sales Trends Analysis – Understanding how to interpret changes in sales data over time.
  • Market Competition – Recognizing the impact of competitors on a product's sales performance.
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