Using feedback from social media,companies can 'test the waters' with proposed price increases to avoid:
A)pricing backlash, similar to what Netflix experienced
B)selling the product through retail stores
C)customer support issues
D)not making enough money

Question

Quizplus · Accepted Answer

By testing the waters with proposed price increases through social media feedback, companies can gauge customers' reactions and avoid a pricing backlash, similar to what Netflix experienced when they announced a significant price increase without prior customer input or feedback. This approach allows companies to make informed decisions and potentially adjust their pricing strategy before alienating their customer base.

Using Feedback from Social Media,companies Can 'Test the Waters' with Proposed