1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
krek1111 [17]
3 years ago
6

___________testing helps an organization determine early in the new-product process how the customer may perceive the product, a

s well as who would use it and how, before additional investment is made.
Business
1 answer:
Valentin [98]3 years ago
8 0

Answer:

Concept testing

Explanation:

Concept Testing: This is e process by which details, attributes and benefits of a new product are presented to the customers to get feedback from them before additional investment is made. It is used to determine whether a new product will be accepted in the market or not before making more investment commitment towards the product.

Concept testing also refers to the process of using both qualitative and quantitative method to evaluate customer's reaction towards a new product. Concept testing focuses on collecting data or information from prospective customers about a new product before the product is made available in the market.

Instrument such as questionnaire is used to collect data during concept testing.

It is worthy of note to know that the instrument used in concept testing should be of high quality in order to achieve the best results.

You might be interested in
Diego has been hired as a consultant to review a company’s contracting and purchasing procedures. He began by reviewing recent c
MatroZZZ [7]

Diego applying the systems model of change as a diagnostic framework

<h3><u>Explanation:</u></h3>

The Business Diagnostics Framework is a systemized way to diagnose the form of your business. The framework emerges from the external concentric rings, evaluating primary the outside environment and then penetrating down into the essential functional areas of the business processes.

Business diagnosis is a means of operating rearward to recognize causes for inadequate execution by making the relevant links within causes and effects. Thus, it is a method of knowing the signs or conditions of a problem. The Business Diagnostics system is a different framework that assists resolve even the most complicated business circumstances.

6 0
3 years ago
TB MC Qu. 9-371 Irving Corporation makes a product with ... Irving Corporation makes a product with the following standards for
lisov135 [29]

Answer:

Variable manufacturing overhead rate variance= $664 favorable

Explanation:

Giving the following information:

Variable overhead 0.2 hours $ 5.10 per hour

The company used 1,660 direct labor-hours to produce this output. The actual variable overhead cost was $7,802.

<u>To calculate the variable overhead rate variance, we need to use the following formula:</u>

Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

Actual rate= 7,802/1,660= $4.7

Variable manufacturing overhead rate variance= (5.1 - 4.7)*1,660

Variable manufacturing overhead rate variance= $664 favorable

6 0
3 years ago
Scenario: Economic hardship has befallen the country after a world war in the year 2055. Thankfully, we are victors. However the
Aloiza [94]

Answer:

I RLLY NEED THESE POINTS IM SO SORRY!

Explanation:

8 0
2 years ago
Implementing a system of independent checks is one of the most effective ways to deter fraud. Which one of the following is NOT
Yanka [14]

Answer: The correct answer is d. Single endorsement of checks

Explanation: To achieve independent checks employees can be transfered, made to go on mandatory vacation or periodical audit done.

However, single endorsement of checks creates room for fraud as the employee will be at liberty to access the companies fund without checks and balances.

8 0
3 years ago
If a competitive market has three firms with marginal costs of mc1 = q1, mc2 = 0. 50q2, and mc3 = 2q3 and faces a market price o
Vesnalui [34]

If a competitive market has three firms with marginal costs of mc1 = q1, mc2 = 0. 50q2, and mc3 = 2q3 and faces a market price of $10,  The total quantity supplied by all three firms is =10+20+5=25

in a competitive market p= mc.

Here p is given as $10

Thus MC = 10

first firm-

MC1 =Q1

ie, 10=10

=10 quantity supplied

Firm 2

MC2 =.50Q2

10=0.50(Q2)

Q2=10/0.50=

= 20 quantity supplied

Firm 3

MC3 =2Q3

10=2(Q3)

Q3 =10/2=5

= 5 quantity supplied.

In economics, marginal cost is the change in total cost that occurs when output increases, the cost of producing additional quantity.

Learn more about marginal costs here: brainly.com/question/12231343

#SPJ4

7 0
1 year ago
Other questions:
  • The internet corporation for assigned names and numbers (icann) uses companies called _____ to handle the business of registerin
    5·1 answer
  • Stevens Company started the year with an inventory cost of $145,000. During the month of January they purchased inventory that c
    12·1 answer
  • McMurphy Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the produ
    13·1 answer
  • 10 pts and who ever ansers fisrt is brainleist
    8·2 answers
  • Which of the following is correct? Both purely competitive and monopolistic firms are "price takers." Both purely competitive an
    13·1 answer
  • On July 28, Vent Corp. sold $500,000 of 4%, eight-year subordinated debentures for $450,000. The pur­chasers were issued 2,000 d
    10·1 answer
  • Bramble Corp. purchased equipment for $48800. Sales tax on the purchase was $2928. Other costs incurred were freight charges of
    9·1 answer
  • ADVANCED ANALYSIS Currently, at a price of $0.50 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Con
    12·1 answer
  • What are the job training/education requirements for being a judge?
    10·1 answer
  • Question 6 of 10
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!