"This brand has lost all of its popularity," Giovanna informed the management team."We've added every possible feature, but the technology is just too old to make this a viable product.We should reduce the price to empty out our inventory.Let's vote to invest more money to continue to sell the brand or reduce the price to sell all of the units remaining in inventory." The management team should vote to reduce the price.

Question

Quizplus · Accepted Answer

Reducing the price to clear inventory is a logical step if the product is outdated and not selling well despite added features, as it helps recover some costs and make room for new products.

"This Brand Has Lost All of Its Popularity," Giovanna Informed