1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
charle [14.2K]
3 years ago
14

In marketing, we define new-product development as: The development of original products, product improvements, product modifica

tions, and new brands through the firm's own product development efforts. True or false?
Business
1 answer:
Oksi-84 [34.3K]3 years ago
6 0

Answer:

The correct answer is True.

Explanation:

The development of a new product is the process in marketing and economics through which a company plans to participate in a particular market through the inclusion in it of a new good or service, or with a complete modification and / or update of previous one.

The bases on which the product development process is based are the research and design of goods or services that meet and respond to the tastes and needs that each market poses. It could be considered as new a good or service aimed at new needs of consumers, some substantial change in existing goods or services that may even make them obsolete.

One of the most important aspects lies in the research and analysis of the market, taking into account the possible opportunities that arise. Therefore, this development is considered to be the first stage in the life cycle of a product.

You might be interested in
Margaret puts money into her savings account each month. in this example money is functioning as a
astraxan [27]

Answer: a store of value

4 0
2 years ago
Competition in a market system denotes a condition where A. the diffusion of economic power limits its potential abuse. B. any g
iragen [17]

Answer:

The answer is: A) the diffusion of economic power limits its potential abuse.

Explanation:

Ina market system, producers will be willing to offer what consumers are willing to pay. That means that consumers are "kings" if competition exists in a market. Consumers should be able to choose what product suits them best and satisfies their needs. A large number of suppliers guarantees more consumer satisfaction.

Problems start when competition starts to vanish and monopolies appear.

7 0
3 years ago
You are Chair of the Federal Reserve Board. In your meeting with the Federal Open Market Committee, the committee un-animously v
ivolga24 [154]

You reply that "OMOs are the purchase and sale of government securities. To increase the money supply we will buy government securities which increases the amount of reserves in the banking system and fuels deposit expansion".

<u>Option: A</u>

<u>Explanation:</u>

The action of central bank to offer or take liquidity from or into a bank or a collection of banks in its exchange rate currencies is understood as an open market operation or OMO. The central bank is the only origin of such policy which may either purchase or sell the bonds of government on the open market or in what is now often the acceptable option, engage into a repo or protected lending agreement with a commercial bank: the central bank lend the monetary as a reserve over a given period of time and concurrently selects the qualified asset as security.

Here the Chair of the Federal Reserve Board explained OMO for the purpose of their use in the scenario of increasing money supply, by purchasing or selling the bonds or securities of public authorities to eligible bodies for the increment of assets in banking sector to drive the expansion of deposits.

8 0
3 years ago
You want to borrow $91,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,750, but no
mel-nik [20]

Answer:

5.784%

Explanation:

PV = $91000

PMT = -$1750

N = 60

FV = $0

<em>Using the financial calculator to solve for I/Y</em>

Interest yield = CPT I/Y(91000, -1750, 60, 0)

Interest yield = 0.00482

Interest yield = 0.482%

Highest rate APR = 0.482%*12

Highest rate APR = 5.784%

So, assuming monthly compounding, the highest rate i can afford on a 60-month APR loan is 5.784%.

3 0
3 years ago
Which best describes how an investor makes money from an equity investment?
Alexxx [7]
By selling the asset for a profit
5 0
2 years ago
Read 2 more answers
Other questions:
  • Everyday low pricing means ______ pricing
    7·1 answer
  • EA8. LO 8.3Queen Industries uses a standard costing system in the manufacturing of its single product. It requires 2 hours of la
    13·1 answer
  • According to the NAEYC, curriculum is influenced by all of the following factors except A. research findings and community expec
    5·1 answer
  • The following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports
    10·1 answer
  • The following totals for the month of June were taken from the payroll records of Seminole Company: Salaries, $100,000 FICA taxe
    11·1 answer
  • On January 1, a company issued 3%, 20-year bonds with a face amount of $80 million for $69,057,808 to yield 4%. Interest is paid
    9·1 answer
  • This is the basis of most sauces:
    10·1 answer
  • The assumption that preferences are complete: Group of answer choices means that a consumer will spend her entire income. means
    13·1 answer
  • Oriole Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows:
    11·1 answer
  • What is financial accounting??<br><br>Any one help me ​
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!