The act of making the decision is the part of this step of market research that makes management more confident business decisions.
<h3>What is market research?</h3>
This refers to the activity of gathering market information about consumers' needs and preferences.
Some steps of a market research includes:
- present the findings
- make the decision
- develop the research plan
- collect the information
Read more about market research
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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.
Answer:
SITE A
Explanation:
Given :
FACTOR___ WEIGHT _SITE A_ SITE B _SITE C
Labor Cost __ 0.25 _____92 ____82____ 84
Curr Stability _ 0.35 _____75 ___ 85____ 88
Prox Market __ 0.30 ____ 80 ____50 ___ 60
Taxes _______ 0.10 _____69 ___ 88 ___ 91
SITE A:
(0.25 * 92) + (0.35*75) + (0.30*80) + (0.10*69) = 80.15
SITE B :
(0.25 * 82) + (0.35*85) + (0.30*50) + (0.10*88) = 74.05
SITE C :
(0.25 * 84) + (0.35*88) + (0.30*60) + (0.10*91) = 78.90
Using the weighed factor model;
The based site for locating the facility is SITE A as it has the highest weighted value
The answer is “insurance policies”