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Novosadov [1.4K]
2 years ago
7

What step in developing new products involves determining whether the product idea is compatible with company objectives, needs,

and resources on a general level
Business
1 answer:
inysia [295]2 years ago
4 0

The step in new product development that involves determining whether the product idea is compatible with the company's goals, needs, and resources at an overall level is called screening.

<h3 /><h3>What is screening in product development?</h3>

It corresponds to a stage where the focus is on the organization and structuring of ideas about the launch of a new product, understanding better about the characteristics and benefits of the product that will be better aligned with the needs and desires of potential consumers.

Screening is an essential process, being the first stage of product development, where there is a brainstorming of ideas to define the product, increasing the possibility of it being well accepted by consumers and generating profitability for the company.

Therefore, the screening process is essential in order to define the essential criteria for the launch of the product, such as its characteristics and those of the market, in order to increase knowledge, innovation and the value of the product for consumers.

Find out more about screening here:

brainly.com/question/5943246

#SPJ1

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The first of two major components of developing a marketing strategy is to _______. a. select a target market b. determine a seg
Brrunno [24]

Answer:The first of two major components of developing a marketing strategy is to<u> select a target market.</u>

<u>Explanation:</u> After determining business products and services the business needs to identify the target market. Identifying the target market is the major step in developing a marketing strategy.

Steps to select a target market

  1. Target market is actually those customers whom we want to sell our products.Concentrating on target market will make it easier to sell our products.
  2. Customers can be targeted on the basis of age,gender,income,occupation,educational level.
  3. Look at the competition that exist .Identify those areas that have been overlooked by our competitors.
  4. If business is already existing than identify those products and services which are bought by current customers and the benefits that they are getting from it.
  5. Finally target those customers who actually need your products and services.

5 0
3 years ago
Mary co-signs for a car loan for Barbara. What can happen to the car if Barbara misses a few payments on the car loan?
madam [21]
Most likely, Mary would be charged a higher amount of interest for missing payments, and would be charged more and more the if she continued to miss payments.
4 0
3 years ago
The president of the United States receives tax policy advice from economists in the a. Federal Reserve. b. Department of Justic
Evgen [1.6K]

Answer:

Department of the Treasury

Explanation:

The function of the Department of the Treasury is to conserve a firm economy and also to create various job opportunities by accelerating the various conditions that enable the growth of the economy.

The Treasury also play an important role in intensifying national security by tackling a variety of threats and protecting the integrity of the financial system. It also plays a role in handling the U.S. Government’s finances and resources effectively. The United States president also receives tax policy advice from economists in Treasury Department.

7 0
4 years ago
On April 17, 2024, the Loadstone Mining Company purchased the rights to a copper mine. The purchase price plus additional costs
mojhsa [17]

The depletion for 2021 is $1,028,000 .

No, depletion is not considered part of the product cost and isn't included in the cost of inventory

<h3>Depletion per ton</h3>

1. Depletion per ton = $4280000/1070000

                = $4 per ton

Depletion for 2021 = 257000 tons*$4

               = $1,028,000

Therefore, The depletion for 2021 is $1,028,000 .

2. Depletion is not considered as part of the product cost, It is shown as an expense on the income statement and reduced from the value of the natural resource and so it is equivalent to the depreciation of assets.

Therefore, No, depletion is not considered part of the product cost and isn't included in the cost of inventory

To learn more about Depletion visit the link

brainly.com/question/14117351

#SPJ4

8 0
2 years ago
retained earnings of $105000. During 2022, the company issued $79500 of common stock for cash. The company recorded revenues of
mr_godi [17]

Answer:

$111,000

Explanation:

net income for Skysong during 2022:

total revenues       $748,000

<u>- total expenses   ($637,000)</u>

net income              $111,000

Net income is not affected by new common stocks being issued, since no interests is paid.

It affects dividends because without net income dividends cannot be distributed, but dividends do not affect net income,

Retained earnings are increased by net income after taxes (= $111,000 x 79% = $87,690) - distributed dividends $36,000 = $51,690

7 0
3 years ago
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