Question

XYZ produce chocolate bars and sell them to supermarkets. Its bestselling brand is ChocDelight. It is put in expensive packaging and is sold as a luxury product. This bestselling chocolate bar has had high and steady sales for the last five years, but recently sales have started to fall as it has now reached the decline stage of the product life cycle. Answer the following questions: 1) Identify two ways the business could react to the falling sales of chocolate bars? (01) 2) Identify and explain two characteristics of the packaging of the chocolate bars? (03) 3) Identify and explain two possible reasons why XYZ’s chocolate bars are successful. (04)​

Answer 1

Answer:

XYZ produce chocolate bars and sell them to supermarkets. Its bestselling brand is ChocDelight. It is put in expensive packaging and is sold as a luxury product. This bestselling chocolate bar has had high and steady sales for the last five years, but recently sales have started to fall as it has now reached the decline stage of the product life cycle. Answer the following questions: 1) Identify two ways the business could react to the falling sales of chocolate bars? (01) 2) Identify and explain two characteristics of the packaging of the chocolate bars? (03) 3) Identify and explain two possible reasons why XYZ’s chocolate bars are successful. (04)