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coldgirl [10]
3 years ago
11

Kalim developed a new food product that he was certain would be popular with consumers. He researched his target market and made

sure that the industry was growing. However, once he launched the product, prospective customers told him that the product was priced too high. How could he have avoided this problem?
Question options:

A. By conducting a focus group before launching the product

B. By conducting telephone surveys asking customers what new foods they would like to try

C. By conducting online surveys to ask customers what their favorite flavors were

D. By better defining his niche
Business
2 answers:
Ket [755]3 years ago
7 0

<u>A. By conducting a focus group before launching the product</u>


Pricing in the business world is very delicate. People will always tend to go for the cheapest product if they aren't loyal to a specific brand. So, when you are starting a business, it is extremely important to focus on pricing. Your prices have to be low enough for people to buy them, but high enough to break even and make a profit.

A focus group would have assisted Kalim in finding the best price for his product. By conducting this, the group would have told him exactly what they would pay for something like his product. However, the damage done is not permanent. He should now lower the prices or conduct a focus group to find out the best price for his food.

ExtremeBDS [4]3 years ago
5 0

I believe the correct answer is C , because people will pay more for their favor things like ... like iPhones

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Answer:

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Explanation:

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Answer:

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Option A is correct

Explanation:

The 2 Option are:

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2 years ago
The present value of a lump sum future amount:__________
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Answer:

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The mere notion of the value of money in time should tell you that, further away in time (towards the future) a sum of money is found, the lower its value today.

Then, you should be able to rule out some propositions that are contrary to that intuition:

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How is the present value related to the future value?

They are directly related: the higher a lump sum in the future the higher the value of it in the present; more money is more money always. More money in the future has more value in the present; less money in the future has less value in the present. Thus,  the option <em>b). is inversely related to the future value</em> is false

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Therefore, the correct answer is that <em>the present of a lump sum future amount: </em><em><u>d) increases as the interest rate decreases.</u></em>

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6 0
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