If the line graph shows a peak in sales for Product C during the holiday season,

Practice Questions

Q1
If the line graph shows a peak in sales for Product C during the holiday season, what can be inferred about consumer behavior?
  1. Consumers prefer Product C year-round
  2. Product C is a seasonal item
  3. Product C is overpriced
  4. Product C has a loyal customer base

Questions & Step-by-Step Solutions

If the line graph shows a peak in sales for Product C during the holiday season, what can be inferred about consumer behavior?
  • Step 1: Look at the line graph and find the peak point for Product C.
  • Step 2: Identify that the peak occurs during the holiday season.
  • Step 3: Understand that a peak in sales means many people are buying Product C at that time.
  • Step 4: Consider that holiday seasons often lead to increased shopping for gifts and special items.
  • Step 5: Conclude that Product C is likely a seasonal item that people want to buy during the holidays.
  • Seasonal Demand – The tendency for certain products to experience increased sales during specific times of the year, such as holidays.
  • Consumer Behavior – The study of how individuals make decisions to spend their available resources on consumption-related items.
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