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3 years ago

Explain what is meant by market research.

Business

1 answer:

Lelu [443]3 years ago

5 0

Answer:

Market research is an effective tool to assist your business planning. It is about collecting information that provides an insight into your customers thinking, buying patterns, and location. In addition, market research can also assist you to monitor market trends and keep an eye on what your competition is doing.

Explanation:

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______ consists of a set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data

Mademuasel [1]

Answer:

The correct answer is option A.

Explanation:

Marketing research refers to the set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decision-makers involved in marketing goods, services, or ideas.

It involves a number of steps such as defining the objectives and research needs, designing the research, collection of data.

Marketing research is helpful in making decisions related to marketing goods, services and ideas.

5 0

3 years ago

A company uses activity-based costing to determine the costs of its three products: a, b, and

Keith_Richards [23]

Answer:

$3.10 ; $2.10 and $14.20

Explanation:

The computation of the activity rates is shown below:

For Activity 1

= Budgeted cost ÷ Total budgeted activity of cost driver

= $94,550 ÷ (18,200 + 8,100 + 4,200)

= $94,550 ÷ 30,500

= $3.10

For Activity 2

= Budgeted cost ÷ Total budgeted activity of cost driver

= $53,550 ÷ (7,100 + 13,200 + 5,200)

= $53,550 ÷ 25,500

= $2.10

For Activity 3

= Budgeted cost ÷ Total budgeted activity of cost driver

= $59,995 ÷ (1,175 + 1,000 + 2,050)

= $59,995 ÷ 4,225

= $14.20

7 0

3 years ago

Check out my channel it called It'z Jennie AMV! Thanks! If you like the video make sure to Subscribe and click the bell so that

belka [17]

Explanation:

Great advertising.

5 0

3 years ago

Read 2 more answers

The following information is available for Quality Book Sales's sales on account and accounts receivable:

meriva

Answer:

1) Amount of uncollectible accounts expenses is $ 2,750

2) Net realizable value of receivables at the end of Year 2 is $65,040

Explanation:

Accounts Receivable Balance, January 1, Year 2 = $ 78,500

Allowance for Doubtful Accounts, January 1, Year 2 = $4,710

Sales on Account, Year 2 = $550,000

Collections of Accounts Receivable, Year 2 = $556,000

1) Amount of uncollectible accounts expenses = $550,000 ×0.5% = $ 2,750

2) Allowance for doubtful accounts, beginning balance = $4,710

Less: Write off = $ -2,850

Add: Uncollectible accounts expense for the year = $2,750

Allowance for doubtful accounts, ending balance = $4,610

Accounts receivable, Beginning balance =$78,500

Add: Credit sales = $550,000

Less: Collections = $-556,000

Less: Write off = $-2,850

Accounts receivable, Ending balance = $69,650

Less: Allowance for doubtful accounts, ending balance = $-4,610

Net realizable value = $65,040

4 0

3 years ago

An entrepreneur borrows $500,000 today. The interest rate is 11.5%. If the entrepreneur makes annual payments of $70,000 per yea

love history [14]

Answer:

After 18.44 year loan will be paid

Explanation:

We have given an entrepreneur borrows $500,000 today.

So total amount is $500000

Annual payment is of $70000

Rate of interest r = 11.5 %

We have to find the time period

We know that total amount is given by

$A=P(1+\frac{r}{100})^n$ , here A is total amount , P is yearly paid amount, r is rate of interest and n is time period

So $500000=70000\times (1+\frac{11.25}{100})^n$

$7.142=1.1125^n$

Taking log both side

$log7.142=nlog1.1125$

$n\times 0.0463=0.8538$

n = 18.44 year

So after 18.44 year loan will be paid

6 0

3 years ago

Explain what is meant by market research.​

Explain what is meant by market research.