The market position of Easy-Freeze Dinners shows that competition is heavy, though marginal competitors are dropping out of the market. Retail prices for Easy-Freeze Dinners have been falling. The firm employs an intensive distribution program. You advise Easy-Freeze Dinners to _______________.  A. withdraw from the market  B. increase brand awareness through an intensive advertising campaign  C. reduce the amount of advertising to maintain profit margins   D. find a niche market that can be profitably exploited  E. increase the price of the Easy-Freeze Dinners

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
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The market position of Easy-Freeze Dinners shows that competition is heavy, though marginal competitors are dropping out of the market. Retail prices for Easy-Freeze Dinners have been falling. The firm employs an intensive distribution program. You advise Easy-Freeze Dinners to _______________.

  •  A. withdraw from the market
  •  B. increase brand awareness through an intensive advertising campaign
  •  C. reduce the amount of advertising to maintain profit margins 
  •  D. find a niche market that can be profitably exploited
  •  E. increase the price of the Easy-Freeze Dinners
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