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frozen [14]
3 years ago
6

General Mills conducted focus groups to collect and interpret data to gain insights into customer preferences and loyalty. Which

best describes the process General Mills has​ used?
A. Determining the research design
B. Reporting research findings to managers
C. Customer insights
D. Analyzing and interpreting the data
E. Defining the research problem
Business
1 answer:
svp [43]3 years ago
8 0

Answer:

The correct answer is (C)

Explanation:

It is very important to understand what consumers want and what they expect from a brand. In order to understand costumer’s preferences and loyalty, various techniques are used from questionnaires to interview. General mills conducted focus groups and estimated the results to better understand customer’s insight by asking various questions related to preferences, taste and expectations.

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In Econland autonomous consumption equals 700, the marginal propensity to consume equals 0.80, net taxes are fixed at 50, planne
DaniilM [7]

Answer:

Explanation:

Slope of Expenditure line = Marginal propensity to consume (MPC) + Marginal propensity to invest (MPI) + Marginal propensity to government purchases (MPG) - Marginal propensity to import (MPM).

Here, MPC = 0.8. But, since planned investment, government purchases and net exports (= Exports - Imports) are both fixed values, this means investment, government purchases and net exports (including imports) are autonomous expenditures, and therefore,

MPI = 0, MPG = 0 and MPM = 0.

Slope of expenditure line = MPC = 0.8

6 0
3 years ago
You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have been submitted by three​ su
lukranit [14]

Answer:

Per unit bid by Thailand Polishing in dollars = $1.2

The price per unit for India Shine in dollars = $1.5

The price per unit for Sacramento Glow = $1.2

Explanation:

Number of units of polished disks = 200

Bid by Thailand Polishing​ = 2,400 baht

Bid by India Shine = 2,400 rupees

Bid by Sacramento Glow = $240

Now,

Per unit bid by Thailand Polishing​ = \frac{2400}{200} = 12 baht

Since, $1 = 10 baht

or

1 baht = $0.1

Therefore,

Per unit bid by Thailand Polishing in dollars = 12 × 0.1 = $1.2

The price per unit for India Shine = \frac{2400}{200} = 12 rupees

also,

$1 = 8 rupee

or

1 rupee = $0.125

Therefore,

The price per unit for India Shine in dollars = 12 × 0.125 = $1.5

The price per unit for Sacramento Glow = \frac{240}{200} = $1.2

5 0
3 years ago
What is a major drawback of sole proprietorship?
Gre4nikov [31]
Personal liability. ...................
5 0
4 years ago
A mixed-market economy is one in which
GalinKa [24]

Answer:

both the government control and the private sector exist

Explanation:

The mixed-market economies are economies that have primarily developed from the command economies, but have implemented market economy elements as well. In this type of economies we have a situation where the governments still have a very important role in the economy, while in the same time, the private businesses are also thriving. The government is usually in control of the most important and abundant natural resources, thus providing security for the country's people and economy. The private businesses are able to operate freely, and they collaborate with the government as a business partner., with both of them being dependent on each other.

8 0
4 years ago
Pratt Corp. started the Year 2 accounting period with total assets of $37,000 cash, $15,500 of liabilities, and $12,000 of retai
yuradex [85]

Answer:

a) Revenue = $46,750

b) Stockholder's equity $35,050

c) Net Total Assets = Stockholder's equity = $35,050

d) Net cash generated for the year is $13,050; and Ending cash balance is $50,050

Explanation:

a. Prepare an income statement for the 2018 accounting period

To prepare this, cash revenue is first determined as follows:

Revenue = Retained earning for the year + Expenses + dividend = $46,750

The income statement can now be prepared as follows:

Pratt Corp.

Income statement

For the 2018 accounting period

<u>Particulars                                                      $        </u>

Revenue                                                     46,750

Expenses                                                <u>  (29,500)  </u>

Net income                                                 17,250

Dividend paid                                          <u>  (2,700)  </u>

Retained Earnings for the year               <u>  14,550  </u>

b. Prepare a statement of changes in stockholder's equity for the 2018 accounting period

Pratt Corp.

Statement of changes in stockholder's equity

For the 2018 accounting period

<u>Particulars                                                      $        </u>

Issue of common stock                              8,500

Beginning retained earnings                    12,000

Retained Earnings for the year              <u>   14,550  </u>

Stockholder's equity                            <u>    35,050  </u>

c. Prepare a period-end balance sheet for the 2018 accounting period

Pratt Corp.

Balance Sheet

For the 2018 accounting period

<u>Particulars                                                    $        </u>

<u>Total Assets</u>

Ending cash balance                              50,050

<u>Total Liability</u>

Liability                                                 <u>   (15,500)  </u>

Net Total Assets                                   <u>   35,050 </u><u> </u>

Financed By:

Issue of common stock                            8,500

Beginning retained earnings                  12,000

Retained Earnings for the year            <u>   14,550  </u>

Stockholder's equity                          <u>    35,050  </u>

Note: Since both the Net Total Assets and Stockholder's equity are both equal to $35,050 as normally require, it shows the balance sheet is accrurately prepared.

d. Prepare a statement of cash flows for the 2018 accounting period

Pratt Corp.

Statement of Cash Flows

For the 2018 accounting period

<u>Particulars                                                    $                      $        </u>

Net income                                           <u>   17,250  </u>

Cash flow from operating activities                                 17,250

Changes in Financing Activities:

Decrease in liability                                (10,000)

Issue of common stock                            8,500

Dividend paid                                       <u>   (2,700)   </u>

Cash flow from financing activities                               <u>  (4,200)  </u>

Net cash generated for the year                                     13,050

Beginning cash balance                                                 <u>  37,000  </u>

Ending cash balance                                                     <u>  50,050  </u>

4 0
4 years ago
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