Tom did a competitive analysis of his company’s outdoor soap product, interviewed distributors for helpful insights on the competitor’s soaps, looked at the market trends, and spoke with the product manager about the changes he saw that the market required. What critical step did Tom forget to do?

He interest rate effect is the change in real gdp caused by the federal reserve adjusting target interest rates. is the change in consumer and investment spending due to changes in interest rates resulting from changes in the aggregate price level. is the change in exports and imports, resulting from changes in the interest rate caused by changes in the aggregate price level. is the change in investment spending and government purchases caused by changes in money demand. is the change in interest rates, caused by changes to government purchases.