<span>In order to understand if the innovation will bring about more sales in terms of elasticity of the products, it is necessary to analyze the impact that a price drop would have on the demand for the produce being sold, and to what extent a price decrease will proportionally increase demand.</span>
I think I must first get the marginal cost of the product before i bought if it is worth it to its value, Then i would compute for the marginal benefit to know what would i gain in this product. Lastly I would compare both the marginal cost and marginal percentage if the cost is lower than the benefit then the product is worth it to buy.
Help them and also bring some tools to help assemble the prducts
Answer:
Market development strategy
Explanation:
It's a growth strategy that aims at identifying new customer for its existing product. As per this strategy, organizations develop products that cater to a new segment apart from its existing segment.
Market development strategy can be implemented through joint ventures, export licensing or direct investment. Here, Company wants to capture new market segment of fresh graduates. So, it is demonstrating market development strategy.
