Other than directly observing the market most companies get their market research from newspaper advertorials and trusted research vendors .
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Newspaper advertorials </h3>
An advertorial is a form of advertisement in a newspaper, magazine or a website which involves giving information about the product in the form of an article. Usually, a brand pays the publisher for such an article.
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Trusted research vendors </h3>
A market research vendor can provide insights on the best research design for your needs, based on years of experience. They may also have research panels to help you access your target audience most economically and experienced people to conduct interviews or focus groups.
Learn more about newspaper advertorials and trusted research vendors here :
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Answer:
a. True
Explanation:
An accounting framework represents a set of criteria that is used to measure, interpret, and disclose the information that appears in an organization's financial statements.
The law of several nations mandates the Management of a company to prepare and present their financial statements in accordance with the laws of the nation. Since the law mandates this, it makes it a legal requirement.
A business owner would
most likely create a cooperative instead of buying a franchise because:
- if he’ll buy a
franchise he has to buy raw materials and products from suppliers nominated the
franchisor
<span>- he has to follow the rules set by the
franchisor, even if they do not bring the maximum benefit to business</span>
<span>- stringent
restrictions on going out of business may be established for franchisees</span>
Answer:
The net income will be decreased by $410,000.
Explanation:
Net Income: The resultant amount after reducing all expenses of the company whether direct or indirect for the period from all revenues is termed as net income.
Sales: Sale of any goods or services can be made on a cash or credit basis. The amount receivable on sale can either be received immediately in cash or such a payment can be received at some future date. In case of sale is being made on a credit basis the company maintains an account of such customer in its books as Debtor or Accounts Receivable.
Expenses: It is the amount incurred by the organization to generate revenue. It is shown in the income statement as the debit side.
Variable cost: This is the cost which directly varies with a change in sales. It means to increase/ decrease in sales revenue will have a direct effect on variable cost. There is a linear relation between sales and variable cost.
This cost remains fixed per unit but changes in totality. Examples of variable cost are the cost of raw material purchased, direct wages, etc.
Fixed Costs: It is the cost that remains the same irrespective of the level of production in the firm. It remains constant throughout the production. It is a part of the total cost to run a business along with the variable cost.
Contribution Margin: It represents the excess of sales over its variable cost. It judges whether the company is able to cover its variable cost and contributes towards the fixed cost .The net income will be decreased by $410000 decrease
