Abtuillak It is now November 2023 and you have been a college graduate for a few

Question

Abtuillak It is now November 2023 and you have been a college graduate for a few years working at a company where you suspect the higher level of management might not be too smart. The company manufactures various food products and has developed a new product that it is ready to begin selling in the U.S. and in other countries. One of the managers comes to you and begins talking about how great the new product will do but also expresses some doubts. You ask if they have considered the economic aspect of the new product and how it will behave in the U.S. and foreign economies. In reply, you receive a blank stare. Later you are in a meeting where you have been asked to share your thoughts about what the management should have been asking itself while preparing to launch the new product. What questions about economics would you ask the management team? Why would you ask each one? Develop a list of questions with reasons supporting each question.

Explanation / Answer

Answer : From economic aspect , as a manager I asked a question from my team related to launch of a new product are :

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