In Which of the Following Situations Is Trend Analysis LEAST

question 45

Multiple Choice

In which of the following situations is trend analysis LEAST appropriate?

• A)Your company did a major product revision five years ago,and is not expected to do another one for another five years.
• B)The research and development team is introducing a new process that manufactures your product much more economically,but the new materials used in the process are more expensive,so the price of manufacturing the product will remain the same as it has been.
• C)Your product has been the industry standard for the last 20 years,and you are ahead of your competitors in making improvements that keep the product synced with current technology.
• D)A competitor suddenly introduces a product that has twice the capacity of your company's main product at two-thirds of the price.
• E)The population of your company's customer area has been increasing by a rate of 4% each year for the previous five years,and is expected to maintain this same rate of growth for the next five years.

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Definitions:

Customer Feedback

Customer feedback refers to the information, insights, opinions, and reactions that a business receives from its customers regarding their experience with the company's products or services.

Increased Communication

Increased communication refers to enhancing the exchange of information in frequency and clarity among individuals or groups.

Resistance

The act of rejecting or not agreeing with something; trying to stop something through actions or reasoning.

Pilot Projects

Small-scale experiments or trial runs implemented to test the feasibility, duration, cost, and risk of a larger project.