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4. Should Flare introduce a new product in the coming year?

4. Should Flare introduce a new product in the coming year?

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Answer #1

Should Flare introduce a new product in the coming year?

(A)Yes, Flare should introduce a new product in the coming year. There are a few reasons for this as described below.

(B)In light of the current recession like situation due to Pandemic COVID19, Flare is experiencing a decline in revenue.

(C)This decline in revenue can impact its profitability.

(D)This may further erode the shareholder’s value in the market.

(E)In order to counter this situation, Flare should launch a new product under its brand name so that it may boost its revenue and maintain its profitability, market share and shareholder’s value.

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