Answer: The correct answer is "product development".
Explanation: In the product develpoment process between concept testing and market testing takes place the product development which consists in the complete process of creating and bringing a new product to the market.
Answer:
$1 per pound
Explanation:
Marginal utility is defined as the additional satisfaction that a person gains from consumption of an additional unit of a product.
Since Robinson spends all of his money on mangoes and bananas his the marginal utility per price of each product will be equal.
This is called equi marginal utility (Gossens second law).
Marginal utility of mango ÷ price of mango = marginal utility of banana ÷ price of banana
30 ÷ 3 = 10 ÷ price of mango
10 = 10 ÷ price of mango
Cross multiply
Price of mango * 10 = 10
Price of mango = 10 ÷ 10 = $1 per pound
The agreement stage incorporates four key problem-solving steps. Each is briefly described below:
- Brainstorm as many solutions as possible: in the first step, several possible solutions to a problem are analyzed so that the best optimal solution can be considered.
- Develop an action plan: in this stage, a comprehensive plan is developed in which tasks are assigned to respective individuals with the resources to be used and the required amount of time to complete the tasks.
- Implement the action plan: this is the execution phase where the actual implementation of tasks is performed based on the requirements mentioned in the action plan.
- Evaluate outcomes and the process: this is the last step in which generated results and outcomes are evaluated to check if they are implemented as intended.
You can learn more about problem-solving steps at
brainly.com/question/13652942
#SPJ4
The best explanation of how the principle of demand and supply has affected the price of the record player is:
- Because there are several vending booths in the same area selling the same item, there would be a reduction in price to attract more customers.
<h3>What is Demand?</h3>
This refers to the quantity of goods which are requested by consumers at a particular time period which has an effect in the price of the good.
With this in mind, the principle of demand and supply was in effect as in the flea market, there was a reduction in price of an old record player because there was a lot of the goods in a location.
Read more about demand and supply here:
brainly.com/question/4804206
Cost of preferred stock Taylor Systems has just issued preferred stock. The stock has a 12 % annual dividend and a $100 par value and was sold at $97.50 per shar
