What Is a Major Weakness of Product

question 137

Multiple Choice

What is a major weakness of product?

• A)It does not solely create a strategy for the market.
• B)It requires too much consumer input.
• C)It is heavily dependent on research and development.
• D)It relies on the promotional strategy to function correctly.

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Definitions:

Demand Schedule

A chart displaying how much of a product consumers are ready and able to buy at different price points.

Maximize Profits

Refers to strategies or actions undertaken by a business or enterprise aimed at increasing the difference between its total revenues and total costs.

Marginal Revenue

The additional income generated from selling one more unit of a product or service.

Nondiscriminating

Nondiscriminating implies an equal treatment or consideration without bias toward race, gender, age, or other differentiating characteristics.