The Growth in the Gaming Console Market Led to the Emergence

question 1

Multiple Choice

The growth in the gaming console market led to the emergence of a gaming consoles segment for products priced under $1,000.Though its current product line-up begin at $3,000,Sentinel Inc. ,an American gaming equipment manufacturer,responded to this need by launching a product,the Cerebro Console,priced at $920,designed for the price-performance needs of the segment.Which of the following offensive strategies did Sentinel Inc.use?

• A)improve customer retention
• B)improve customer loyalty
• C)enter new market segments
• D)harvest for cash flow
• E)divest for cash flow

---

Definitions:

Regression Line

A straight line that describes how a response variable y changes as an explanatory variable x changes, used in linear regression analysis.

Theatre Revenues

The income generated from ticket sales, concessions, and other sources by theaters from staging plays, movies, and other performances.

Least Squares Regression

A statistical method used to find the line of best fit by minimizing the sum of the squares of the vertical distances between observed and predicted values.

Automobile Accidents

Events in which a vehicle collides with another vehicle, pedestrian, animal, road debris, or other stationary obstruction.