Question

If a firm's products are no longer properly aligned with changing market trends, the firm can ______?

1) sell its products to customers in another market who do value its products
2) make new investments to upgrade its manufacturing facilities
3) acquire new suppliers
4) reorganize its product distribution processes

Answer 1

A firm can reorganize its product distribution processes, expand or reduce production, and start selling new products or stop selling existing ones to address misalignment with changing market trends.

Step-by-step explanation:

If a firm's products are no longer properly aligned with changing market trends, the firm can take several actions to address this issue:

1. Reorganize its product distribution processes: This could involve exploring new channels of distribution, partnering with other companies, or improving the efficiency of existing distribution networks.
2. Expand or reduce production: The firm may need to adjust its production levels to meet the changing demand for its products.
3. Start selling new products or stop selling existing ones: If the market trends indicate a need for new products or a decline in demand for existing ones, the firm can introduce new offerings or phase out outdated products.

These actions can help the firm realign its products with the changing market trends, enabling it to remain competitive and meet the evolving demands of its customers.