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miskamm [114]
3 years ago
7

Procter and Gamble wants to test a new promotion campaign that employs Internet-based promotions, particularly added use of soci

al media. P&G wants to concentrate on consumers between the ages of 18 and 35 (Millennials) and the test will be conducted for only two months. P&G most likely will use _____________.
Multiple Choice
A. A standard test market
B. A laboratory test
C. Focus groups and survey research
D. A controlled test market
E. A simulated test market
Business
1 answer:
Tanzania [10]3 years ago
8 0

Answer:

D. A controlled test market

Explanation:

A controlled test market is a thoroughly planned marketing test that aims to provide companies valuable, critical insight that is essential to analyse the success of a new product/service. By conducting a controlled test market, the companies can monitor customer reactions and preferences, or the advertisement's influence. Although this is not conducted in a typical sandbox environment, this is almost always a small market.

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The monetary value of what a firm received for goods sold, services rendered, and other payments is termed:.
EleoNora [17]

Answer:

Revenue?

Explanation:

7 0
3 years ago
Ahmed runs a bakery that sells two kinds of pies. Ahmed knows the bakery must make at least 6 and at most 48 batches of the Choc
Dafna11 [192]

Answer:

Ahmed must bake 48 Chocolate Decadence pies and 7 Mint Breezes pies in order to get the maximum possible profit = $131.91

Explanation:

let x = chocolate decadence

let y = mint breezes

maximize revenue equation = 2.56x + 1.29y

the constraints are:

7x + 8y ≤ 392

x ≥ 6

x ≤ 48

y ≥ 3

y ≤ 42      

using solver, profits are maximized when 48x + 7y = $131.91

5 0
3 years ago
The break-even point is that level of activity where: Multiple Choice a) total revenue equals total cost. b) variable cost equal
shtirl [24]

Answer:

a) total revenue equals total cost.

Explanation:

The break-even point is the level of activity in which total revenue equals total cost. It can also be defined in terms of  units sold for a year is as the fixed expenses for the year divided by the contribution margin per unit of product. Note that exactly at the break-even point, there is no profit or loss.

Therefore, the answer is alternative a).

3 0
3 years ago
Prepare the necessary adjusting entries at December 31, 2019 for the Washington Apple Company. Assume that no adjustments were m
AleksAgata [21]

Answer:

Entries are given

Explanation:

Fire policy will be debited as it is an asset for the company. Depreciation is always debited as it is a non-cash expense and accumulated depreciation will be credited related to the equipment depreciated. Revenue will be recognized to the extent of value the company has provided as a service or a product.

                                                                         DEBIT         CREDIT

Fire policy                                                        $4,000

cash                                                                                      $4,000

Depreciation expense                                    $12,500

Accumulated depreciation (equipment)                            $12,500

Cash                                                                   $4.000

Revenue                                                                                $2,000

Unearned revenue                                                               $2.000

6 0
3 years ago
Exercise 14-8 Presented below are three independent situations. (a) Oriole Co. sold $1,970,000 of 12%, 10-year bonds at 102 on J
bearhunter [10]

Answer:

$116,230

Explanation:

Calculation to determine the amount of interest expense to be reported on July 1, 2017, and December 31, 2017.

First step is to find the Cash interest on the Bond calculated as:

Cash interest on the Bond = 1,970,000*12%*6/12 = $118,200

Second step is to find the Premium on Bonds Payable calculated as :

Note that (102%-100%)=2%

Hence,

Premium on Bonds Payable = 1,970,000*0.02 = 39,400

The third step is to find the Semiannual bond Premium Amorixed for both July 1, 2017, and December 31 calculated as :

Semiannual bond Premium Amorixed = 39,400/(10*2)

Semiannual bond Premium Amorixed = 39,400/20

Semiannual bond Premium Amorixed = 1,970

The last step is to calculate Interest expenses for the both July 1, 2017, and July 1, 2017, and December 31 using this formula

Interest Expenses = Cash interest - Premium amortized

Let plug in the formula

Interest expenses = 118,200-1,970 = $116,230

Therefore the amount of interest expense to be reported on July 1, 2017, and December 31, 2017 will be $116,230

7 0
3 years ago
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