As a brand manager for Honey Bunches of Oats cereal, you propose lowering the price by 4 percent. What will you tell your supervisor about what you expect will be the impact on sales in the short run and in the long run

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01-02-2022
Business

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As a brand manager for Honey Bunches of Oats cereal, you propose lowering the price by 4 percent. What will you tell your supervisor about what you expect will be the impact on sales in the short run and in the long run

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jayilych4real jayilych4real · Answer 1 · 2022-02-09T11:03:25+01:00

If the price of Honey Bunches of Oats cereal are reduced by 4%, then the short term effects would be:

It would bring more customers.

The long term effects would be:

It would force us to upscale our comparative advantage because our competition would likely reduce their prices too.

What are Short Term Effects?

This refers to the effects which can be seen in a short time period as a result of a particular action.

With this in mind, if the price of a good is reduced by 4%, then on the short term, it would bring more customers but in the longer term, there would be a need to further upscale comparative advantage to keep the customer base.

Read more about comparative advantage here:
https://brainly.com/question/7045530