You are a business analyst who is helping the Sales department defining DonDuck's strategy on 3 products: Product 1 - Luxury product, Product 2 - mid end tier of an essential category, Product 3 - mid end tier of an essential category. Which is the best strategy to pursue (you only got approval from your management to choose one) if the target is to increase 5% the profit (Annual profit = 68000$ today) without impacting the overall image of our company's luxury products? Select 1 of the answers below
Cost per unit price per unit Number of units sold Product 1 5 70 100 Product 2 1 15 1000 Product 3 0.5 10 5000
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Do a promotion of 40% off Product 1, which we know that will increase the number of sales by 4 times.
Do a promotion of 40% off in Product 3, which we know that will increase the number of sales by 83%.
Do a promotion of 5% off in Product 2, which we know that will increase the number of sales by 40%.
