The obstacle to defining the research problem was that the company failed in collecting quantitative data /Selection of inappropriate respondent resulted in wrong output.
Explanation:
A research design is a blue print that a company prepares for conducting marketing research .
A firm collects quantitative data by conducting surveys and asking the customers or consumers to fill the forms (questionnaires).These surveys and questionnaires helps the company in making product related decision in various markets.(i.e how to customize the product as per the taste and the preferences of the consumers)
<u>The obstacle to defining the research problem was that the company failed in collecting quantitative data /Selection of inappropriate respondent resulted in wrong output.Hence the company Refrez Inc failed to acknowledge the fact that people in the United States eat cereal with cold milk, whereas the people of China eat cereal with hot milk.</u>
As a result, Refrez Inc witnessed a decline in sales of its product in Chinese market .
Answer:
Project Y = -$1,825.80
Project Z = $4,148.00
Explanation:
Calculation are as attached in the file
Answer:
Which factor can boost business opportunities in Virginia?
Re-branding
Well packaged advertorials
discount sales
promo sales
improve content quality
price reduction
Explanation:
Answer:
Margin of safety= $60,000
Explanation:
Giving the following information:
A firm's forecasted sales are $250,000 and its break-even sales are $190,000.
The margin of safety is the excess of sales from the break-even point. To calculate the margin of safety, we need to use the following formula:
Margin of safety= (current sales level - break-even point)
Margin of safety= 250,000 - 190,000= 60,000
