Well, based on the problem, it seems that after that one year of having a large volume of sales, you probably became complacent and noticed that you have less orders. So I would say that you probably failed to continue your marketing efforts. it is very important for a company to always continue their marketing efforts because it is through the marketing efforts that they will be able to bring in sales. if you stop your marketing efforts even for a bit, you will see that there is a decline in sales.
Answer:
The approach that further attempts to model real world uncertainty by analyzing projects the way one might analyze gambling strategies is called Monte Carlo simulation.
The correct answer is D
Explanation:
Monte Carlo simulation is an idea of taking random samples from a mathematical model that represents a real life situation. It is an approach that attempts to model real world uncertainty into the evaluation of projects.
Answer: Maturity Stage
Explanation:
At the maturity stage, the product reaches its highest point of demand and sales. The market is getting closer to saturation, so the number of potential new customers is limited, and competition increases. During the saturation and decline stage, sales stop increasing, so profitability is lowered.
Answer:
Option B
Explanation:
When any new product arrives in market, the consumers are not much interested because they don't know the benefits of the product. Through many types of advertisements when the manufacturing company shows benefits of product and motivates the consumers to try the product as it is better than the other products in the market, there are chances that consumers will successfully adopt the new product of the company.
