Explain how (one or two) current economic trends (long-run) affect the Demand for your product. Explain...

Explain how (one or two) current economic trends (long-run) affect the Demand for your product. Explain how you can take advantage of (or be protected from) these trends.

Expert Solution

present economic condition is very much volatile in nature. so its obvious that the company has to think for some measure to protect their product/ to take advantage of this situation. some measures are been described below.

Recessions have always been followed by a recovery that includes a strong rebound in the stock market.
When the market starts to plunge, it is time to take advantage of increasing your contributions or starting dollar-cost-averaging in a non-qualified investment account. so have patient to overcome the present economic trend.
better to have another alternative for investment.
Consumer staples manufacturers weather recessions well, and there are several options to invest in this area. so if you are in such business then you don't need to worry. you can think for more diversified and verity with low-cost products to provide your customer with a new test.
hold back for a period of time, some product may have faced a sharp decline, after recession you can regain the market. so be prepared for future market for your product with an innovative, low cost, durable well appreciable product.

Note: consider the statements before putting thumbs down.

Rahul Sunny answered 2 years ago

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