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jonny [76]
2 years ago
6

Introducing a new product into the market is called.

Business
1 answer:
KengaRu [80]2 years ago
5 0

Introducing a new product into the market is called commercialization. The procedure for introducing a new product to the market for initial sale.

<h3>What is commercialization?</h3>

The process of bringing new products or services to market is known as commercialization. The commercialization process encompasses all aspects of a new product or service's development, distribution, marketing, sales, customer service, and other vital services.

Thus, commercialization is the introducing new product.

For more details about commercialization, click here

brainly.com/question/6331465

#SPJ1

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If a buyer has an almost unlimited selection of products that are very difficult to differentiate between, this represents.
nikitadnepr [17]

Consumer choice occurs when a buyer has an almost unlimited selection of products that are very difficult to differentiate between.

<h3 /><h3>What is Consumer Choice</h3>

Consumer choice refers to the aspect of microeconomics  that deals with the decisions  consumers make with regard to products and services.

     This involves how consumers decide which products to purchase or consume over time.

<h3>Factors affecting Consumer Choice</h3>

  • Psychological Factors
  • Social Factors.
  • Cultural factors
  • Personal Factors
  • Economic Factors

Learn more about Consumer Behavior at https://brainly.in/question/1232898

3 0
2 years ago
is a system of individuals and institutions, instruments and procedures that bring together borrowers and savers and facilitate
Reptile [31]

Answer:

Financial market

Explanation:

Financial market- it is that market place where market like stock, bond, Forex etc are trading. it is responsible for proper functioning of capitalist economies.

the different type of financial market is given below

1) stock

2) Bond

3) foreign exchange

4) commodities

it is like a new resource that provide easy return for those who want to invest their extra income.

6 0
4 years ago
What are common stocks? What are advantages and disadvantages of common stocks?
frutty [35]

Common stocks are stocks also known as securities that show how and who has ownership in the corporation. Those who own common stock have some control over the corporation and are decision makers within the company. The advantages of common stock are that those who own them have shares in the company and make decisions. A disadvantage of common stock is the financial risk  that comes with it.

7 0
4 years ago
Read 2 more answers
The Procter &amp; Gamble (P&amp;G) Company produces bar soap, disposable diapers, deodorants, laundry detergents, cookies, cake
Airida [17]

Answer:

Product Mix

Explanation:

Product Mix is defined as the combination of products produced to increase the market share of the company and ultimately the profits for a company. The Procter and Gamble (P&G) Company produces many different products including deodorants, cookies, shampoo, cake mix, disposable diapers, laundry detergents, bar soaps and many other types of products to increase the market share of the company.

3 0
3 years ago
Read 2 more answers
Eddy Jones Pottery produces serving bowls among other items. If they reengineer their automated equipment, a serving bowl can be
Ganezh [65]

Answer and Explanation:

Old equipment=2.5 mins per serving bowl

New equipment=1.5 mins per serving bowl

With old equipment, in one hour Eddy Jones can produce 60/2.5= 24 serving bowls

With new equipment, in one hour Eddy Jones can produce 60/1.5= 40 serving bowls

With old equipment, in 8 hours Eddy Jones can produce 24*8=192 serving bowls

With new equipment, in 8 hours Eddy Jones can produce 40*8=320 serving bowls

Therefore in 8 hours with new equipment Eddy Jones will produce 320-192= 128 more serving bowls than with old equipment.

5 0
3 years ago
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