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Bell's product manager continues to perform well in the market. However, a competing product is coming...

Bell's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking to take over as the market share leader in the segment. Without sacrificing contribution margin, what can the Bell product manager do in order to improve upon the buying criteria, and thus potentially increase demand?
Select: 1
Increase MTBF by 2000
Lower the selling price since it is the second most important buying criteria
Increase the promotion budget to gain greater awareness
Reposition Bell to make it even smaller and higher performing
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Answer #1

C)Increase the promotion budget to gain greater awareness

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