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Question 171Asked in DSSSB TGT Computer Science, 25 Jun 2023, Shift 2 (12:30 PM)

According to business economics, the growth of an existing product is used to estimate the demand for a new product using:

  1. Agrowth curve approach
  2. Bvicarious approach
  3. Csubstitute approach
  4. Dopinion polling approach
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Correct answer: (C) substitute approach

Explanation

Note: the answer key gives (C), but estimating a new product's demand from the growth pattern of an existing established product is the growth curve approach (A). The substitute approach treats the new product as a replacement for an existing one.

From DSSSB TGT Computer Science PYQ, 25 Jun 2023, Shift 2 (12:30 PM)

This is question 171 of DSSSB TGT Computer Science PYQ, 25 Jun 2023, Shift 2 (12:30 PM). See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.