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kenny6666 [7]
3 years ago
9

Nessca corp. manufactures electronic gadgets. it instructs its marketing team to competitively advertise and promote its gadgets

. the company, instead of believing in market research, believes that the market will absorb more products if customers are made aware of the products. the workforce of nessca corp. is most likely to:
a. assume that sales depend on a customer's decision to purchase a product.
b. focus on determining the needs of the customers rather than selling aggressively.
c. be inward looking, focusing on selling what the firm makes.
d. take responsibility for the customers' well-being and interests.
Business
2 answers:
Snezhnost [94]3 years ago
6 0

<u>The correct option is (c). be inward-looking, focusing on selling what the firm makes.</u>

The workforce of Nesscacorporation is most likely to <u>be inward-looking, focusing on selling what the firm makes. </u>

Further Explanation:

The workforce of Nessca Corporation should focus on product making, and its quality and the corporation should also focus on selling. The company should be in touch with the customers’ likes and dislikes. The company should focus on its products’ quality.Consumers mostly prefer high quality and cheap products.

Justification for the correct and incorrect answer:

a.

assume that sales depend on a customer's decision to purchase a product:This option is incorrect.

The company should focus on its products’ quality, not depend on the customers; the decision to purchase a product. Because every customers’ opinion or decision cannot be possible to consider.

b.

focus on determining the needs of the customers rather than selling aggressively:This option is incorrect.

The company should always first focus on its product rather than focusing on the needs of the customers aggressively because selling is an important aspect for the corporation to earn profits.

c.

be inward-looking, focusing on selling what the firm makes:This option is correct.

The firm should always try to focus on inward-looking of the product, and the firm should focus on selling.

d.

take responsibility for the customers' well-being and interests:This option is incorrect.

The company cannot be responsible for each customers’ well-being and interest, but the company can focus on its product to maintain its quality and should focus on selling also to earn profits.

Learn More:

1. Marketing mix  

brainly.com/question/7578155 <u> </u>

2. Market intermediary  

<u>brainly.com/question/9727245 </u>

3. Promotion mix

<u>brainly.com/question/2114407 </u>

Answer Details:

Grade: High school

Chapter: Marketing

Subject: Business studies

Keywords: Nessca corp. manufactures electronic gadgets. it instructs its marketing team to competitively advertise and promote its gadgets, the company, instead of believing in market research, believes that the market will absorb more products if customers are made aware of the products. the workforce of Nessca corp. is most likely to, assume that sales depend on a customer's decision to purchase a product, focus on determining the needs of the customers rather than selling aggressively, be inward-looking, focusing on selling what the firm makes, take responsibility for the customers' well-being and interests.

Natasha2012 [34]3 years ago
4 0

I guess the correct answer is be inward looking, focusing on selling what the firm makes.

Nessca Corp. manufactures electronic gadgets. It instructs its marketing team to competitively advertise and promote its gadgets. The company, instead of believing in market research, believes that the market will absorb more products if customers are made aware of the products. The workforce of Nessca Corp. is most likely to be inward looking, focusing on selling what the firm makes.

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8 0
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Answer:

1-a. The are multiple IRRs stated as follows:

The first IRR value = 4.09%

Second IRR value = 31.82%

1-b. Rate of return = 7.58%

2. This is NOT a good investment because the NPV is negative.

Explanation:

Note: The estimated Net Cash Flow for the 4th year in the data is erroneously stated in the question as a positive value instead as a negative value since it is a cost.

The estimated net cash flows correctly before answering the question as follows:

Year End             Net Cash Flow

1                             $500,000

2                            $300,000

3                            $100,000

4                          –$2,400,000

5                            $150,000

6                            $200,000

7                            $250,000

8                            $300,000

9                            $350,000

10                           $400,000

The explanation of the answers is now given as follows:

1-a. Tabulate the PW versus the interest rate and determine whether multiple IRRs exist.

Note: See Part 1-a of the attached excel file for the tabulation of the PW versus the interest rate.

From Part 1-a of the attached excel file, it can be observed that multiple IRRs exist. This is because there two IRRs stated as follows:

The first IRR value = 4.09%

Second IRR value = 31.82%

1-b. If so, use the ERR method when e 8% per year to determine a rate of return.

Note: See Part 1-a of the attached excel file for the calculation of total future value of income when e = 8% per year.

In the attached excel file, note that year 4 has a cost not income. Therefore,

From attached excel, we have:

Total Future Value of Income = $3,661,508.81

In the attached excel file, note that year 4 has a cost (not income) of $2,400,000. Therefore, it future value is not calculated. However, the present of the cost can be calculated as follows:

Present value of cost in year 4 = $2,400,000 / (100% + e)^4 = $2,400,000 / (100% + 8%)^4 = $1,764,071.65

The rate of return can now be calculated as follows:

Rate of return = ((Total Future Value of Income / Present value of cost in year 4)^(1/Number of period)) - 1 = (($3,661,508.81 / $1,764,071.65)^(1/10)) - 1 = 0.0758, or 7.58%

2. Use the PW method and a MARR of 18% to determine whether this is a good investment.

Note: See Part 2 of the attached excel file for the calculation of net present value (NPV).

From part 2 of the attached excel file, we have:

Net present value = –$21,043.15

Since the net present value is negative, this implies that this is NOT a good investment.

Download xlsx
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