Snack Company-Mistakes in New Product Launches
Question:
Fantastic Snack Company has spent months developing a new type of snack chip, but the chips are not selling. Which of the following is the most likely mistake Fantastic Snack Company made?
A. Conserving too valuable resources
B. Spending capital it did not have
C. Not researching production methods
D. Not meeting the wants of its consumers
Answer:
The most likely mistake Fantastic Snack Company made is:
D. Not meeting the wants of its consumers
Explanation: If the new type of snack chip is not selling, it suggests that the product might not align with consumer preferences or market demand. The company may have developed a product that does not meet the tastes, needs, or desires of its target market. Conducting thorough market research and understanding consumer preferences are crucial for product success.
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