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Questions and Answers
What is the primary concern of Apple's management team after launching the new Smartphone model?
What is the primary concern of Apple's management team after launching the new Smartphone model?
- To reduce the production costs of the new model
- To increase the price of the new Smartphone model
- To analyse the market demand for Smartphones (correct)
- To understand the increase in sales figures
What is the relationship between the price and quantity sold of the Smartphone over the past six months?
What is the relationship between the price and quantity sold of the Smartphone over the past six months?
- There is no relationship between the price and quantity sold
- As the price increases, the quantity sold also increases
- As the price decreases, the quantity sold increases (correct)
- As the price decreases, the quantity sold also decreases
What is the law of demand, in the context of ABC Electronics' situation?
What is the law of demand, in the context of ABC Electronics' situation?
- As the price of the Smartphone decreases, the demand increases
- As the price of the Smartphone increases, the demand decreases (correct)
- As the price of the Smartphone decreases, the demand also decreases
- As the price of the Smartphone increases, the demand also increases
Why might the sales of the new Smartphone model have not met Apple's expectations?
Why might the sales of the new Smartphone model have not met Apple's expectations?
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What can ABC Electronics do to improve their sales and market position?
What can ABC Electronics do to improve their sales and market position?
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