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If the line graph shows a downward trend for Product B, what strategy might the
Practice Questions
Q1
If the line graph shows a downward trend for Product B, what strategy might the company consider?
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 B, what strategy might the company consider?
Steps
Concepts
Step 1: Look at the line graph to see that Product B's sales are decreasing over time.
Step 2: Understand that a downward trend means fewer people are buying Product B.
Step 3: Consider ways to attract more customers to Product B.
Step 4: One possible strategy is to enhance marketing efforts, which means promoting Product B more effectively.
Step 5: Think about different marketing methods, like social media ads, discounts, or special promotions to increase interest.
Trend Analysis
– Understanding how to interpret a downward trend in sales and its implications for business strategy.
Marketing Strategies
– Identifying potential marketing strategies that could be employed to improve sales performance.
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