If the line graph shows a consistent decline in sales for Product A over several

Practice Questions

Q1
If the line graph shows a consistent decline in sales for Product A over several months, what action should the company consider?
  1. Increase production
  2. Revise marketing strategy
  3. Reduce prices
  4. All of the above

Questions & Step-by-Step Solutions

If the line graph shows a consistent decline in sales for Product A over several months, what action should the company consider?
  • Step 1: Look at the line graph to see how sales for Product A have changed over the months.
  • Step 2: Notice that the sales are going down consistently, which means fewer people are buying Product A.
  • Step 3: Think about why sales might be declining. Is the product not appealing? Is there too much competition?
  • Step 4: Consider that the company needs to attract more consumers to improve sales.
  • Step 5: Suggest that the company should change its marketing strategy to make Product A more attractive to customers.
  • Sales Analysis – Understanding trends in sales data to make informed business decisions.
  • Marketing Strategy – The approach a company takes to promote and sell its products effectively.
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