If the Cost Savings from Discontinuing a Product Exceed the Lost

question 154

True/False

If the cost savings from discontinuing a product exceed the lost revenues from discontinuing the product, it should be retained.

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Definitions:

Pitch

A presentation or proposal made to potential customers, investors, partners, or collaborators, aiming to persuade or inform about a product, service, or idea.

SMILE and SCRATCH Test

A mnemonic used by entrepreneurs to evaluate the strengths and weaknesses of their business ideas based on specific criteria.

Promotional Materials

Various forms of media, printed or digital, designed to market or advertise a product, service, or event to a target audience.

Product Name

The title given to a product by the company that manufactures or sells it, which helps to identify and distinguish the product in the market.