Question

Last month you introduced a new product to the market. Consumer d emand has been overwhelming and it appears that strong demand will exist over the long-term situation, management should consider the option to A. Suspend B. Expand C. Abandon D. Contract E. withdraw

Answer 1

B. Expand

Step-by-step explanation:

As the Consumer demand is overwhelming and expected strong demand exist for a new product, the management has opportunity to get handsome return from this product. Management should Expand and try to fulfil the demand of potential customers before any other competitor comes with identical product which will cut the market share.