Agatha's Is About to Introduce a New Product in the Market,but

question 84

Essay

Agatha's is about to introduce a new product in the market,but is not sure as to how it should price the product.The company is facing intense competition from 5 other companies.In the past,it has also failed to keep up with the changing consumer wants.In such a situation,what should be its main objective?

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Definitions:

Kansas-Nebraska Act

A 1854 law that created the territories of Kansas and Nebraska and allowed the settlers to decide on the legality of slavery within the territories.

Republican Party

One of the two major political parties in the United States, traditionally associated with conservative and right-leaning policies.

Political Party

An organized group of people with similar political aims and opinions, seeking to influence public policy by getting its candidates elected to public office.

Joshua Giddings

A prominent 19th-century American abolitionist who served as a U.S. Representative and was known for his strenuous opposition to slavery.