Harrisons is a bicycle manufacturing company. As the customer orders increase rapidly, the company works hard to increase its manufacturing output to meet the demand. However, while focusing on efficiency and speed, the company starts receiving complaints about the customer service and begins to lose its customers base. This is an example of .

What is the relationship among market segmentation, target markts, and consumer profiles?

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation