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zavuch27 [327]
1 year ago
13

A market research firm is studying the effects of price and type of packaging on sales of a particular product. Twenty-seven sto

res with shoppers of similar characteristics will be used in the study. The nine combinations of three price levels and three packaging types are the treatments of interest. Total sales of the product over a seven-week period will be recorded. Which of the following describes the best design to use for the study?
a. А completely randomized design Randomly assign the nine combinations of price level and packaging type that three stores use each combination
b. A completely randomized design. Randomly assign the three price levels so that nine stores use each price level
c. A completely randomized design. Randomly assign the three packaging types so that nine stores use each type of packaging
d. A randomized block design Use packaging as a block. Randomly assign the nine combinations of three price levels and three packaging types so that three stores use each combination
e. A randomized block design. Use packaging as a block Randomly assign nine stores to each packaging type, then randomly assign price level to three stores within each block.
Business
1 answer:
Readme [11.4K]1 year ago
8 0

d. A randomized block design use packaging as a block. Randomly assign the nine combinations of three price levels and three packaging types, using combination

By utilising a randomised block design, market research can improve the accuracy of the study's findings. RBD The market research firm should conduct the study using the following design:

In a randomised block design, or RBD, experimental units are divided into equal-sized groups or blocks, and each group is then assigned a treatment at random. The information is shielded from outside influences in this way.

In essence, an RBD is a method for organising every possible combination of variables in order to minimise outside errors. Think of the RBD as a building with floors and apartments, with each combination of elements representing a floor.

Learn more about randomized block here:

brainly.com/question/14499443

#SPJ4

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Pam is in need of cash right now and wants to sell the rights to a $1,000 cash flow that she will receive 5 years from today. If
Virty [35]

Answer:

Fair price =$635.23

Explanation:

<em>Th fair price that he should be willing to pay is the present value of the $1000 expected in 5 years time.</em>

<em>Present value (PV) is the worth today if a future amount is discounted at a particular rate of interest.</em>

PV = FV × (1+r)^(-n)

PV - present value = ?

FV -Future value - 1000,

r- discount rate - 9.5%,

n - future date - 5

PV = 1,000 × (1.0950^(-5)

PV = 1,000 × 0.6352

PV =635.2276653

Fair price =$635.23

8 0
2 years ago
Identify the start and end events and the activities in the following narrative, and then draw the business process model using
Ganezh [65]

Please find the graph file in the attachment and find its complete solution.

  • A cup of coffee and drinking at Star Bucks is the process selected here, the customer, the cashier, and the barista are the actors in this scenario.
  • This process begins if the client enters the barista and commands ventilated<em><u> coffee and Blueberry muffins</u></em>.
  • The barista then registered in the cash register the order, the customer then drove to the window, filled the barista with a cafe called Venti cup of coffee, put the lid in it, and took the blue bear muffin out of the pastry, and put it in a bag.
  • Barista gave the customer the bag with coffee and pastry, in this, the customer had the option of paying the gift by <u><em>cash, credit, or star bucks.</em></u>
  • The<em><u> gift card payment customer</u></em> with the <u><em>barista registered</em></u> the payout and sent the card to a customer together with receiving it.

Learn more:

brainly.com/question/15185517

7 0
2 years ago
Scenario 17-5. assume that a local restaurant sells two items, salads and steaks. the restaurant's only two customers on a parti
rodikova [14]

Answer: The price of the tied good is $20.

Explanation: The practice of tying is used to package products in such a way that the price of the tied (combined) good is closer to the buyers total willingness to pay for the two goods.

In this case, the total willingness to pay of Carnivore is $20+$7=$27

While, that of Leafygreens is $8+$12=$20

Thus, the producer will sell the combined good at $20 as it this price both the consumers will buy the tied good. If the producer sells it at $27, then only the Carnivore will buy the good but Leafygreens will not.

Thus, with zero marginal cost of serving additional consumer it is better for the producer to sell at $20.

8 0
3 years ago
Pine Street Inc. makes unfinished bookcases that it sells for $58. Production costs are $38 variable and $10 fixed. Because it h
mars1129 [50]

Answer:

See explanation below

Explanation:

Option of selling unfinished bookcase

Sales

$58

Less Variable cost

$38

Contribution

$20

Less fixed cost

$10

Net profit

$10

Option of selling finished bookcases

Sales

$73

Less variable cost

$7

Contribution

$66

Less fixed cost

$10

Net profit

$56

With regards to the above analysis, it is recommended that Pine street inc. Should go with the option of selling finished bookcases because it would yield the company the highest profit.

7 0
2 years ago
What’s going on here? As soon as Dewey Cheatum and Howe Motors increase the prices on their SUVs, then so does their only compet
IceJOKER [234]

Answer: The answer is oligopolistic competition

Explanation:

Price can be defined as the amount of money for which a goods or services is been offered for sale by the sellers of the goods. It is a sum of money at which the seller and the buyer agrees to exchange a goods or services. The price of a product or services usually shows the cost of the product and the quality of a product or services been offered for sale by the sellers. When a business set a price for their products or services they usually takes into consideration factors such as survival, profit maximization, return on their investment, market share, and the business prestige.

The strategy of setting the same price with your competitors is called oligopolistic competition. In this case, if one competitor wants to be ahead of other competitors in the market, then such a competitor has to include in their product features that will not be found in the product of their competitors, through this process such a competitor would be ahead of their competitors in the market by having the larger share of the market.

7 0
2 years ago
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