To make informed business decisions as a manager, you should be familiar with the characteristics of...

 

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To make informed business decisions as a manager, you should be familiar with the characteristics of the demand curve for your product. However, a product's demand curve is idiosyncratic, and thus not something that a manager can simply look up online. Suggest and explain two ways in which a manager can identify the characteristics of the demand curve for a product their company produces. Your answer should be 50 to 60 words in length. To make informed business decisions as a manager, you should be familiar with the characteristics of the demand curve for your product. However, a product's demand curve is idiosyncratic, and thus not something that a manager can simply look up online. Suggest and explain two ways in which a manager can identify the characteristics of the demand curve for a product their company produces. Your answer should be 50 to 60 words in length.

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Here are two ways a manager can identify the characteristics of the demand curve for their product Market Research and Customer Surveys Conducting mar... View the full answer