The process is known as Marketing Research
Marketing Research refers to activities of evaluating & determining the feasibility of a firm's new product or service, through research conducted with targeted or potential customers.
- Marketing research helps the management because information provided from the research conclusion helps in the firm decision making.
- However, marketing research must be systematic, objective and analytical so as to ensure drawing of valid conclusion for purpose of decisions making in a firm.
Learn more about Marketing Research here
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Answer: A. A savings account
Explanation:
Hi, a savings account is a type of bank account that allows you to deposit money and earn interests for your deposits.
There are different interest rates offered, depending on the bank chosen.
Money kept in a savings account isn’t quite as accessible as cash kept in a checking account.
Feel free to ask for more if needed or if you did not understand something.
The new long-run equilibrium will result in a(n) rev : increase in output and in the equilibrium price of the product.
Explanation:
Higher prices mean that the quantity needed for good increases as income decreases and vice versa. Thus the quantity required good raises in the given question as income falls as a result of the recession. It pushes up the demand curve, leading to an increase in the supply yield and a price increase in value.
Modern supply and demand changes affect both price and quantity. If the supply curve goes up, which lowers supply, but leaves demand stable, the price of exchange is increasing, but volume decreases.
For Example, pump prices are likely to rise, if the supply of petrol falls.
Answer: output
Explanation: output is the same as productivity because output means the outcome of all the factor input during the production process which can be raw materials, capital and other cost incurred.
The level and quantity of output produced also determine the performance of the industry.
