Question

When the sale of traditional soft drinks declined, many manufacturers realized the demand for sugar-free and sports drinks went up. They responded by creating entirely new categories of healthier drinks to appeal to the marketplace. The soft drink industry then had to create ________ for this new product category.
Question 20 options:

A)

primary demand

B)

par value

C)

secondary demand

D)

utilitarian worth

E)

market value

Answer 1

The soft drink industry then had to create market value for this new product category. Read below about the concept of market value.

What is a Market Value?

Market value is the amount for which something can be sold on a given market. Market value is also used as interchangeably with open market value, fair value or fair market , although these terms have distinct definitions in different standards, and differ in some circumstances.

Therefore, the correct answer is market value.

learn more about market value: brainly.com/question/8084221

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