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nikdorinn [45]
3 years ago
9

For a new product to be profitable, it must Multiple Choice enable customers to obtain greater total utility from their money in

come. be less expensive than existing substitute products. have greater marginal utility than existing substitute products. embody process innovation.
Business
1 answer:
Sidana [21]3 years ago
8 0

Answer:

have greater marginal utility than existing substitute products

Explanation:

Utility is the satisfaction derived from consuming a good or service.  Products or services that meet or exceed customers' expectations are deemed to have a high utility value. Goods that do not adequately address customers' needs are considered to be of low utility value.

Goods and services deemed to be of high utility value are always in high demand. Consumers will be willing to pay more for such commodities. A product with high utility value will outsell its competitors in the market.

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Pursuant to a contract, a landscaper performed $30,000 of landscape work for a homeowner. By coincidence, the homeowner and the
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NO, court does not have subject matter jurisdiction over the landscaper's contract claim

Explanation:

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solution

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4 years ago
Marissa owns an equestrian clothing store. After many customers complained that her clothing only fit petite riders, she decided
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In order to regain a competitive advantage, Marissa and other companies must be willing to offer the products or services that will satisfy their customers' needs.

About 100 years ago, companies sold what they produced and consumers' voices and needs were not important, but that was 100 years ago. Today, if you do not satisfy your consumers' needs and desires, you lose them immediately.

5 0
3 years ago
Groups of 18th century skilled artisans formed secret societies for two basic reasons. Which of the following is one of those re
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Explanation:

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These workforce were either wage earners, they start as craftsmen and grow to become great entrepreneurs and this got eyes on them causing them to form cults for themselves only to equalize their relationship with their employers.

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