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Bezzdna [24]
1 year ago
7

Market _____ are defined as external areas where there are favorable demand trends, where customer needs and wants are not being

satisfied, and where a company thinks it can compete effectively.
Business
1 answer:
Contact [7]1 year ago
8 0

Market opportunities are defined as external areas where there are favorable demand trends, where customer needs and wants are not being satisfied, and where a company thinks it can compete effectively.

<h3>What are customer needs?</h3>

Customer needs are those factors that makes a customer to go for a certain product and willing to make payments in order to satisfy such desire. For a new business or a company that wants to start a new product, the market opportunities can be defined as the ability of the business to identify a new need or opportunity that the competitors in the market have not identified.

A good way that we c an see it is from the growth of a new technology in the world that can help to take care of the needs of people in the environment. A business that goes ahead to create a device or a technology that solves the issue has been able to create a market opportunity.

We can conclude that customer needs creates market opportunities and allows companies to compete effectively.

Read more on  market opportunities here: brainly.com/question/25640993

#SPJ1

You might be interested in
What does it mean to describe deposit insurance as undermining market discipline​? Because ▼ most few depositors are fully​ insu
Katena32 [7]

Answer:

most

little

risk taking

regardless of

Explanation:

The FDIC insures the deposits of depositors.

The Federal Deposit  Insurance Corporation (FDIC) was established after the great depression. Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers. In the case a bank fails, customers are assured that they would not lose their monies deposited

Because banks knows that the deposit of customers are insured, it increases their risk taking. this is known as adverse selection

7 0
3 years ago
A company purchased a machine for $193,000 on October 1, 2021. The estimated service life is 10 years with a $19,800 residual va
mestny [16]

Answer:

$4,330

Explanation:

the amount that needs to be depreciated = purchase price - residual value = $193,000 - $19,800 = $173,200

depreciation per year using straight line method = $173,200 / 10 = $17,320

depreciation per month = $17,320 / 12 = $1,443.33 per month

we must record 3 months of depreciation expense = 3  months x $1,443.33 per month = $4,330

December 31, 2021

Dr Depreciation expense 4,330

    Cr Accumulated depreciation - machinery 4,330

6 0
3 years ago
What is a task force? Group of answer choices a formal group whose members must be able to perform all tasks of the team a forma
Gre4nikov [31]

A temporary team formed to solve a problem, realize an opportunity, or design a product or service.

<h3>What is a task force?</h3>
  • A task force is a team of individuals who have been given the temporary assignment to collaborate in order to accomplish a very specific and well-defined goal.
  • A temporary team formed to solve a problem, realize an opportunity, or design a product or service. 
  • For instance, a drug task force operates separately from a police force to deal with concerns pertaining to the production, distribution, and use of illicit narcotics.
<h3>What is collaboration?</h3>
  • Collaboration is the process of two or more parties cooperating to carry out a task or realize an objective.
  • Cooperation and collaboration are comparable.
  • Leadership is a necessary component of most collaborations, albeit it can take the form of social leadership within an egalitarian, decentralized group.

Therefore, the task force is a temporary team formed to solve a problem, realize an opportunity, or design a product or service.

Know more about leadership here:

brainly.com/question/12522775

#SPJ4

3 0
1 year ago
ABC, Inc., has $120,000 U.S.-source income, $80,000 of foreign source income, and $25,000 foreign taxes deemed paid. Assume that
Damm [24]

Answer:

B) $24,500

Explanation:

ABC's foreign tax credit should be $25,000, but there is a foreign tax credit limitation that it cannot exceed, that limitation would be:

[foreign income / (domestic income + foreign income)] x domestic tax liability

= [$80,000 / ($120,000 + $80,000)] x $61,250 = $24,500

Since $24,500 is lower than $25,000, then you have to take $24,500

6 0
3 years ago
Before setting your prices it's wise to
Contact [7]
Check the price at other stores and check the price before adding profit
7 0
3 years ago
Read 2 more answers
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