The shift in consumer preferences over time, as represented in a bubble chart, can significantly impact business strategy. If a product's bubble is moving away from the center, it indicates an increase in demand for that product. This could lead to strategic decisions such as increasing production, investing in marketing, or even developing new features for that product. Conversely, if a product's bubble is moving towards the center, it indicates a decrease in demand, which could lead to decisions such as discontinuing the product, rebranding, or shifting resources to more popular products.
How to communicate data effectively and translate them into actionable items? This collection of dat...
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