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koban [17]
2 years ago
12

The major purpose of test marketing is to provide management with the information needed to make a final decision about ________

.
Business
1 answer:
skad [1K]2 years ago
7 0

The major purpose of test marketing is to provide management with information : Whether to launch the new product.

<h3>What is test marketing?</h3>

Test marketing refers to the few introduction of a product and a marketing program to determine the reactions of potential customers in a market situation.

The objective of test marketing is to find the limitations and strengths of the product based on customers' reactions. It also help to structure the marketing strategy of that product

Hence, the major purpose of test marketing is to provide management with information whether to launch the new product.

Learn more about test marketing here : brainly.com/question/7200804

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In Business studies. what the business owes the other is called what​
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Claude C. Hopkins believed that advertising moved from being a _____to a science.
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Garcia Co. sells snowboards. Each snowboard requires direct materials of $100, direct labor of $30, and variable overhead of $45
irakobra [83]

Total cost of 10000 snowboards

Per unit Total

Direct material 100 1000000

Direct Labor 30 300000

Variable overhead 45 450000

Fixed overhead 635000

Fixed selling and administrative costs 115000

Total cost of 10000 snowboards 2500000

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Thus, the cost of 1 snowboard = $ 250

Now, the selling price is set as = Total costs + 15 % on total costs

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8 0
4 years ago
An automated turning machine is the current constraint at Jordison Corporation. Three products use this constrained resource. Da
tamaranim1 [39]

Answer:

Product                              LN          JQ            RQ

Ranking                            1st        2nd        3rd

Explanation:

<em>Whenever a company is faced with a limiting factor i.e a resource in short supply, the company should allocate the resource to the product with he highest contribution per unit of the scare resource .</em>

<em>Jordision should rank rank its products using contribution per minute of constraint</em>

<em>Ths is done as follows:</em>

\Product                              LN          JQ            RQ

Selling price                       161.72    50.32     468.25

Variable cost                    <u>(118.94)   (241.42)   (342.92)</u>

Contribution (a)                        42.78      108.9    125.33

Minute        (b)                       <u>   2.30      6.60      8.30</u>

Contribution/minute($)a/b          18.6 16.5   15.1

Ranking                                       1st        2nd        3rd

6 0
3 years ago
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