Last month,you introduced a new product to the market.Consumer demand has been overwhelming and it appears that strong demand will exist over the long-term.Given this situation,management should consider the option to:

Question

Quizplus · Accepted Answer

The strong demand over the long-term indicates that the new product is successful in the market. Therefore, management should consider expanding the production or distribution of the product to meet the increasing demand and maximize the potential profits. Suspending, abandoning, contracting, or withdrawing would not be appropriate options in this situation.

Last Month,you Introduced a New Product to the Market