Daniel is the CEO of CookRite, a company manufacturing kitchen appliances. The company has been in business for the past ten years and sales were steadily increasing until six months ago, when there was a significant decrease. Though Daniel held a number of meetings with the top management of the company, he did not make any changes in the management techniques and did not blame managers for the drop in sales. Which of the following, if true, would indicate that Daniel was wrong in his approach?
A. CookRite's competitors saw a similar drop in sales over the same period.
B. A new competitor entered the market six months ago, and sold products below cost to gain market share.
C. Demand for kitchen appliances has increased significantly over the past year.
D. The price of technology used in kitchen appliances fell and CookRite subsequently reduced its prices.
Answer: C
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