Adam had an idea for a new smartphone accessory. He showed his idea to ten of his friends. Three of them loved the idea, four of

Question

4 years ago

11

Adam had an idea for a new smartphone accessory. He showed his idea to ten of his friends. Three of them loved the idea, four of

them thought it was OK, but nothing special and three of them hated the idea. If he develops the product, he will need to sell at least 10,000 in order to make money. He was wondering whether or not to develop the product when he remembered the law of large numbers from Professor Robertson's marketing class. Based on that, he decided to __________

Business

1 answer:

Leona [35] · Answer 1 · 2022-02-14T18:45:18+03:00

Answer and Explanation: From the given case or scenario we can state that Adam will most likely <em>continue to develop the product</em>, since he knows that there are millions of individuals who tend to use the smartphone, also assuming on this fact there will mostly likely or probably be large enough group of these individuals who might like this product in order for this to be successful.