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2 years ago

A company employing a _______ strategy would create a new product targeted to its current customers.

Business

1 answer:

OLEGan [10]2 years ago

6 0

A company employing a product development strategy would create a new product targeted to its current customers.

What is New Product Development ?

You can get the people in your division to come up with ideas for new products by following the given things mainly which revolves around reinforcing the novel ideas:

As employees have direct contact with the customers so they have the better ideas about the customers needs and wants.
Employees are well aware of the changing trends so they should be encourage to come up with the new and novel ideas for the new products.
Ideas can come from any where, from any level of the organization so each and every single employee should be motivated to participate in idea generation activities.

The importance of doing customer research is to have a drive for new product development. A research can be effective in pointing out consumer trends and fads, as well as opening a direct customer communication channel that feels prestigious for having its requests valued by a company. Through concrete data of potential customers and new customers, an organization has the ability to meet the actual demand of potential customers and make possible adjustments to the production process.

Learn more about New Product Development on:

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Elliott Credit Corp. wants to earn an effective annual return on its consumer loans of 11 percent per year. The bank uses daily

LenaWriter [7]

Answer:

10.29 %

Explanation:

The interest rate that is required by the bank by the law to report to potential borrowers can be calculated by the following expression.

Interest rate to be reported = $[(1+EAR)^{1/n}-1]*n$

where

EAR = effective annual return rate = 11% = 0.11

n = number of days in a year = 365 days

replacing our values into the above equation; we have:

⇒ $[(1+0.11)^{1/365}-1]*365$

= $[1.11^{(0.0027)}-1]*365$

= $[1.00028182-1]*365$

= $2.81811743*10^{-4}$

= 0.1029

= 10.29 %

Thus, the interest rate the bank is required by law to report to potential borrowers = 10.29%

6 0

3 years ago

Woody Corporation acquired 70% of Buzz Company’s voting common stock on January 1, 20X3, for $158,900. Buzz reported common stoc

Dvinal [7]

Answer: a.Dr. Gain on Sale 9,600

Dr. Equipment 8,400

Cr. Accumulated Depreciation 18,000

Explanation:

Difference between following entries gives the elimination entry:

Actual: Equipment as actually recorded in the financial statements (Equipment Dr. 91600, Gain on sale Cr. 9600)

As if: Equipment as recorded in the financial statements as if it had not been transferred (Equipment Dr. 100000, Accumulated Depreciation Cr. 18000)

Difference of the above recorded entries would be: Equipment Dr. 8400, Gain on sale Dr. 9600, Accumulated Depreciation Cr. 18000

Thus, entry needed to eliminate Buzz’s gain on the sale of equipment to Woody would be:

.Dr. Gain on Sale 9,600

Dr. Equipment 8,400

Cr. Accumulated Depreciation 18,000

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3 years ago

Which categories of goods used by ordinary people are most affected by scarcity? Use examples from two of these categories and e

Diano4ka-milaya [45]

Answer:

nondurable and consumer goods

Explanation:

Nondurable goods are affected by scarcity because their time life is limited. For example, if the capital goods required for its transportation or conservation of ice cream broke down, the product would ruin very easily.

Consumer goods are generally mass consumed. For example clothes are consumed by most of us during the year, but most of them are imported nowadays. Any trade barrier that delayed their supply would cause a rapid shortage.

7 0

3 years ago

Linda Clark received $223,000 from her mother’s estate. She placed the funds into the hands of a broker, who purchased the follo

Nookie1986 [14]

Answer:

Explanation:

check attached files below for explanation..