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Papessa [141]
3 years ago
15

If there is a great demand for a product, the production for that product will

Business
2 answers:
Olegator [25]3 years ago
7 0
Production will increase due to supply and demand
sweet [91]3 years ago
4 0

production for that product will increase.

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When a new product is being introduced and reaching as many persons in the target market as quickly and as cost effectively as p
gtnhenbr [62]

Answer: Advertising

Explanation:

For a new company to quickly reach as many customers as quickly as possible, the company has to be involved in selling itself to the public and also intensive advertising.

Advertising is a form public awareness created for a particular product: which is new or already existing in a market. Advertising could involve the use of; Mass media, social media, fliers and banners.

6 0
3 years ago
Which of the following statements is true of simulated market testing?
mario62 [17]

Answer:

The correct answer is letter "B": It is used to monitor shopper behavior to assess a product's performance.

Explanation:

Simulated Test Marketing or STM is a simulation of a real market place to evaluate consumers' reactions to a product that is going to be introduced or that is already in the market but some sort of assessment is necessary to boost its sales. STM is useful to estimate demand and conduct a market analysis.

3 0
3 years ago
Choose all that apply. Select all the responsibilities of consumers. Gather information about products and services before makin
jolli1 [7]

Answer:

Stay informed about products that you buy to be aware of product recalls.

Gather information about products and services before making a purchase to be aware of price, quality, and the product specifications.

Read instructions on products and use them as intended.

Take action and report faulty products, fraudulent activity, and any other violation of consumer rights.

Consider the impact of your purchases on others and choose products that do not harm the environment.

Insist on compensation if you are not satisfied with your purchase.

8 0
3 years ago
AccuroDisk Inc. manufactures external hard disks for $32 per unit, and the maximum price customers are willing to pay is $47 per
Kamila [148]

Answer:

C) AccuroDisk creates a greater economic value than TD Storage.

Explanation:

Economic value can be defined as the value added by a producer of a good and it is measured by the maximum amount that consumers are willing to pay for that good minus the costs of production.

AccuroDisk economic value = $47 - $32 = $15

TD Storage economic value = $50 - $37 = $13

6 0
3 years ago
Assuming no fixed costs are avoidable in the short​ run, a perfectly competitive​ firm's short-run supply curve is A. the portio
Crazy boy [7]

Answer:

C. the portion of its marginal cost curve that lies above its average variable cost curve.

Explanation:

It follows the short-run supply curve of the firm is portion of its marginal cost curve which is above the average variable cost curve.

7 0
3 years ago
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