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Darina [25.2K]
2 years ago
10

The new-product process stage of market testing involves which two items? Multiple select question. using realistic purchase con

ditions to see if consumers will buy launching full-scale production for the product ensuring the product meets the standards established by the protocol exposing actual products to prospective consumers
Business
1 answer:
larisa [96]2 years ago
4 0

The new-product process stage of market testing involves  two items -

  • Using realistic purchase conditions to see if consumers will buy
  • Exposing actual products to prospective consumers

  • To find out how well a product, service, or offering will perform, one can conduct market research.
  • It often consists of research studies that seek to provide answers to concerns about how the market will respond to the introduction of the product.
  • Convenience goods, shopping goods, specialty products, and unsought goods are the four categories of products, and each is categorized according to consumer preferences, pricing, and product features.
  • Let's explore each of them in more depth.

How many steps are in the new product development process multiple choice question?

  • The process of bringing a brand-new product idea to market is known as new product development (NPD).
  • It can be roughly divided into seven stages: ideation, research, planning, prototype, sourcing, costing, and commercialization, though it varies by industry.

Learn more about new product development (NPD) brainly.com/question/26679051

#SPJ4

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Answer:

The correct answer is A) the role of the government should be limited, since the market will always be self-correcting.

Explanation:

Principle of minimum state intervention, free market or laissez faire: at least government, the best, economic processes were considered as capable of self-regulation, in other words, economic forces themselves will direct production, exchange and consumption to Its most efficient level. State action must be confined to enforcing individual rights (especially property rights), providing national defense and some public services of general interest (justice, some types of education, etc.).

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3 years ago
Plaintiffs purchased state lottery tickets and were winners along with 76 others. The state had advertised that $1,750,000 would
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Answer:

  • yes
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Explanation:

The plaintiffs must exhaust their administrative remedies before a court of law  would grant them the opportunity to pursue a legal action against the lottery board because it might a breach in communication or administration from the lottery board or the lottery director and the plaintiffs should  seek to resolve the issues without having to seek a legal action but through administrative remedies and procedures which more swift in resolving such issues

5 0
3 years ago
Product-oriented layout is characterized by high demand for the same or similar products. Another name for this layout is
dexar [7]

Answer:

Repetitive layout

Explanation:

In simple words,  Product-oriented layouts can be understood as the model that is  grouped around items with equivalent high low commodities or families. Consumer demand is strong enough to warrant the high investment in specialized equipment in such a design. The commodity is standardized or entering a life cycle period that justifies investments in advanced equipment.

3 0
3 years ago
The Analytical Hierarchy Process is used to decide among three projects that we'll call A, B, and C. The total score for project
Ber [7]

Answer:The analysis must be incorrect because the total score should sum up to 1

Explanation: Analytical Hierarchy process is a mathematical model used in determining the viability of a process from sets of process using set criterion ,these criteria are selected such that it determine the like hood of success of the project,the number written above represent the weight of each of the process ,the overall weight of the criterion is always when summed up.

The weight represents the likelihood of the events happening or being successful.

6 0
3 years ago
Blake Company purchased two identical inventory items. The item purchased first cost $18.00, and the item purchased second cost
murzikaleks [220]

Answer:

c. Ending inventory will be lower if Blake uses weighted average than if FIFO were used

Explanation:

To check which answer is correct, we simply evaluate each option step by step.

<u>Option A</u>

Gross margin is the difference between selling price and cost.

Under FIFO gross margin is $14. (32 -18 =14)

Under LIFO gross margin is $13. (32-19 = 13)

Thus statement is incorrect as gross margin is higher if FIFO is used.

<u />

<u>Option B</u>

If FIFO is used, the dollar amount of ending inventory will be $19 as ending inventory will contain product purchased later that is at $19. In contrast, if LIFO is used, the dollar amount of ending inventory will be $18. Thus the statement becomes incorrect that it will be the same.

<u />

<u>Option C</u>

The ending inventory under FIFO is $19.

The ending inventory under LIFO is $18

The endng inventory under AVCO or weighted average will be, 18+19 / 2 = 18.5

Thus the statement is correct as the ending inventory under weighted average $18.5 is lower than ending inventory under FIFO $19. So, C is the correct Answer.

3 0
3 years ago
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