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riadik2000 [5.3K]
3 years ago
5

Eric is a sales rep for an established building materials manufacturer. Business is good, but he is concerned that the company h

as spent little on new product development and has not created a new product in over five years. Without new products, Eric can market his current products only to his current customers or
Business
1 answer:
makvit [3.9K]3 years ago
3 0

The correct answer to this open question is the following.

Eric is a sales rep for an established building materials manufacturer. Business is good, but he is concerned that the company has spent little on new product development and has not created a new product in over five years. Without new products, Eric can market his current products only to his current customers or market the same products to similar costumers.

When a company has not invested in the creation of new products, the only way to increase sales is to find the costumers so the sales force can promote these products to people that are not familiar with the company's products and services. This way, the sales force needs to go and reach new clients through an intensive prospection. Although this is an alternative, most companies should invest in the creation of new products or the improvement of current ones so consumers could be interested in buying it permanently.

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Answer:

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Explanation:

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3 years ago
See Table 2.5 LOADING... showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco had purchased add
RoseWind [281]

Answer:

The net impact on the income will be 2,795,000 each year

Explanation:

The purchase will generate the followng:

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total impact on net income:

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3 years ago
Hermione is learning about computer networks as she pursues her degree in information technology. since she is planning to work
Neko [114]
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3 years ago
Which of the following fees would likely be the highest? A. Overdraft fee B. Account transfer fee C. Monthly service fee D. ATM
belka [17]
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5 0
3 years ago
Read 2 more answers
Assume that both firm A and firm B formally agree to each put up $10 million to form firm C. The operations of firm C are restri
Alchen [17]

Answer: a. joint venture.

Explanation:

A Joint Venture refers to when 2 or more entities come together and put up resources necessary to accomplish a certain task or venture that will be beneficial to all of them.

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Firm C is a Joint venture between Firms A and B.

8 0
4 years ago
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