Week 7-Application exercise Please respond to the following in 50-150 words ur f

Question

Week 7-Application exercise Please respond to the following in 50-150 words ur firm has a new strategy that will make its established product obsolete. However, it will take a year before you are ready to implement the tegy. If you announce your plan in advance, profits will disappear because many customers will delay purchase until the new product is released. If you don't announce the new plan, customers will continue to buy the established product, but others may end up not doing busines with you in the long run. What would you decide to do?

Explanation / Answer

The transition between launching a new product or strategy and discontinuing the current product is a crucial business decision because it involves financial risk, customer relation and overall brand of the organization.

I would choose to announce the new business strategy with a risk of short-term financial loss because of the following reasons:-

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.