XYZ, Inc., makes consumer products such as shampoo, conditioner, deodorant, and toothpaste. Recently, market research conducted at a university revealed that consumer tastes have changed, and consumers now want their products to come in pastel colors. Currently, XYZ’s products all follow a deep blue packaging scheme. What source of change is this?

Changing consumer preference

Explanation:

For every organization, the consumers are key since they are the one to purchase the goods and services rendered.

Anticipating the needs of the customers is as important for an organization. Knowing and understanding the preferences of consumers before they purchase a product allows a firm to create a stronger experience.

The market research conducted by XYZ Inc. has shown that consumers preferences have changed. There is a change of taste as they want to try out something different.

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.

answerboth the short run phillips curve and the aggregate demand and aggregate supply model