1. Then examine your own workplace or some other organization with which you are familiar and determine how it seeks to increase demand for its product.
2. Navigate to the threaded discussion and post an entry that answers the following questions:
   1. 
      
   2. How do firms attempt to stimulate demand (shift demand outward)? 
   3. Defend your answer with a detailed evaluation that demonstrates clear, insightful critical thinking.
    
   4. If a firm successfully builds brand loyalty for its products, what happens to the elasticity of the product? Hint: Think about consumers' views of substitutes. Defend your answer with a detailed evaluation that demonstrates clear, insightful critical thinking.
3. Your initial response should be 400 to 600 words in length and include two academic sources that are properly cited. It is due by the end of the fourth day of the workshop.
4. Now conduct a critical analysis of a posting by two of your classmates by the end of the workshop.
   1. The topic of your discussion response should be your classmate's posting and should be written as if you were reviewing his/her posting in an academic journal. Your discussion response should, therefore, answer the following questions as applicable:
      1. 
         
      2. Were your classmate's arguments articulate and logical? Were the facts correct?
      3. Was the interpretation your classmate provided reasonable and consistent with experts in the field? Was your classmate consistent with both the substance and intent of his/her references?
   2. The focus for your critical analysis is not whether or not you agree with your classmate, but how well his/her position was presented. Each response should be at least 200 words in length and cite two academic sources. Please strive to make your discussion responses ones that cause iron to sharpen iron.

Answer rating: 100% (QA)

Firms stimulate demand through various strategies such as marketing campaigns product innovation pri... View the full answer