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If the line graph shows a downward trend for Product C while Product A remains s
Practice Questions
Q1
If the line graph shows a downward trend for Product C while Product A remains stable, what could be a potential strategy for Product C?
Increase prices
Enhance marketing efforts
Reduce production
Discontinue the product
Questions & Step-by-Step Solutions
If the line graph shows a downward trend for Product C while Product A remains stable, what could be a potential strategy for Product C?
Steps
Concepts
Step 1: Look at the line graph to see that Product C's sales are decreasing.
Step 2: Notice that Product A's sales are stable, meaning it is not losing or gaining sales.
Step 3: Think about why Product C might be losing sales. It could be due to lack of awareness or competition.
Step 4: Consider ways to improve Product C's visibility and appeal to customers.
Step 5: Decide that enhancing marketing efforts, like advertising or promotions, could attract more customers to Product C.
Step 6: Plan specific marketing strategies, such as social media campaigns or discounts, to boost interest in Product C.
Trend Analysis
– Understanding how the performance of a product changes over time based on graphical data.
Marketing Strategies
– Identifying methods to improve product visibility and sales in response to market trends.
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