Answer: This is called <u>Self-interest bias</u>.
Explanation:
When someone is using this type of bias they are doing it for their own self interest. They will use all information gathered to use the information that will benefit themselves and their interests. This can be considered unethical in some types of businesses. The person using self interest bias will try to blame others for any failures that they may have. They may also refuse to take personal responsibility in any situation.
These are three other types of bias;
- Selection bias
- Information bias
- Confounding
Answer:
In the introduction and early growth stages of the product life cycle, firms often set priorities on growth and/or market share
Explanation:
Answer:
(a) service revenue = $117,920
(b) operating expenses = $98,110
Explanation:
The computations are shown below:
a. For service revenue
= Cash receipts from customers + ending balance account receivable - beginning balance of accounts receivable
= $117,140 + $15,400 - $14,620
= $117,920
b. For operating expenses
= Cash payments for operating expenses + beginning balance of prepaid expense - ending balance of prepaid expense
= $104,320 + $20,400 - $26,610
= $98,110
It should be noted that Manufacturers in the production-oriented marketing era at the turn of the 20th century were concerned with efficient production, not with satisfying the needs of consumers.
<h3>What is production-oriented marketing era?</h3>
production-oriented marketing era can be regarded as era where the manufacturing services is increased.
During this time, the manufacturer are more concerned about production and nit efficient production and not about customer satisfaction.
Learn more about manufacturer at:
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