Lexy defined the needs and analyzed the competition for kids' eyeglasses. She has also been collecting market information concerning what colors, designs, and shapes kids prefer for her company's eyeglasses line for children. She analyzed the data and has presented it to the product manager of the line. What is one of the next steps for Lexy to take?

Question

Junior Lloyd

Business

19 April, 10:19

Lexy defined the needs and analyzed the competition for kids' eyeglasses. She has also been collecting market information concerning what colors, designs, and shapes kids prefer for her company's eyeglasses line for children. She analyzed the data and has presented it to the product manager of the line. What is one of the next steps for Lexy to take?

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Answers (1)

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Madison · Answer 1

The correct answer is letter "A": Determining price for the products.

Explanation:

After the competitors and features of the product have been identified in a project the next step involves setting the price. A cost forecast must be made so investors can determine how much they can charge to obtain profits. That price will be also an average of the price rival entities have set so the product entry in the market can be smooth.