Your company manufactures umbrellas, among other accessories. Six months ago, you projected sales of 5,000 units of your $16 umbrellas over the course of a year, so you produced 5,000 umbrellas. But so far you've sold less than half. What does this mean, and what is the best way to address the situation?
A) Supply of this product at this price is too great and competition too intense, so you should discontinue making umbrellas.
B) Demand of this product at this price is less than anticipated, so you should produce fewer umbrellas in the future.
C) Demand of this product at a higher price must be greater, so you should start marketing your umbrellas as a premium product sold at a higher price point.
D) Demand of this product at this price is less than anticipated, so you should drop the price.
Correct Answer:
Verified
Q91: You own an apartment complex, and you
Q92: You're the marketing director of Southern Pride
Q93: Which of the following statements is true
Q94: Which of the following is an example
Q95: Executives at Pfizer are trying to forecast
Q97: A buyer at CVS Pharmacy has a
Q98: Which of the following statements is true
Q99: Which of the following statements is true
Q100: Which of the following statements is true
Q101: In the grocery business, you're pretty much
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents