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
Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was
katrin2010 [14]

$4 million.

An item is worth what the market is willing to pay for it, which is sometimes different than the estimated value.

6 0
3 years ago
Top 5 cx trends 2020
Gwar [14]
GREEN PRESSURE. In 2020, consumers move from eco-status to eco-shame.
BRAND AVATARS. Human brands take powerful new form.
METAMORPHIC DESIGN. Consumers demand relevance as a service.
THE BURNOUT. Smart brands rush to help those burned by the pressures of modern life.
CIVIL MEDIA.
4 0
3 years ago
Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $28,000. The estimated useful life was
jeyben [28]

Answer:

You get the highest net income in year 2 with  <u>Units-of-production  method.</u>

Explanation:

Schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods is attached.  

<u>Straight-line </u>

Depreciation expense 2nd year=$5.000=(Original Value -Residual Value)/Useful life

<u>Units-of-production </u>

Units of Production Rate=2.5=(Original Value -Residual Value)/estimated productive life

Depreciation expense 2nd year= 7250

<u> Double-declining-balance. </u>

Depreciation rate        20,00%        1/useful life *100

Depreciation expense 2nd year= 6720

Download xlsx
6 0
3 years ago
As Quentin checks out of a hotel, he recalls the expectations of quality and service he had upon arriving at the hotel and reali
Soloha48 [4]

Answer:

Experiential

Explanation:

Experiential is the term which is defined as something experiential and it comes from the real world or from experience. It is the procedure of learning through a experience, which is particularly stated as learning by reflection on doing.

So, in this case, the Quentin checks into a hotel, where on arriving he realizes that grounded on expectations, he is not thrilled with the experience. Therefore, this kind of purchase is defined as experiential.

3 0
3 years ago
Let’s say a company that makes a consumer product such as laundry detergent asks customers to write a positive review about the
torisob [31]

A company that makes a consumer product such as laundry detergent asks customers to write a positive review about the product in exchange for a small chance of winning a $1 discount coupon.<u>The cognitive dissonance theory predict that the attitude of the customer toward the product will become Positive</u>

Explanation:

Cognitive dissonance theory talks about a state of an individuals mind in which their exist a conflict between the  attitudes, beliefs or behavior of an individual,which produces a feeling of mental stress.

As per the cognitive dissonance theory Whenever  there is an disharmony between our  attitudes or behavior , we should make effort to   eliminate the dissonance.

In the above question the company has made an effort to remove the dissonance among its customers by giving them a small chance of  winning a $1 discount coupon.Thus resulting in a positive change in the attitude of the customer.

5 0
3 years ago
Other questions:
  • According to Maslow, when Clorox wipes highlight the germ-harboring aspect of conventional sponges, it is addressing
    5·1 answer
  • Fayol's Principles of Management provide an accurate description of what managers actually do on the job.​
    9·1 answer
  • Suppose the elasticity of demand for cereal is 1. if cereal increases in price by 25 percent, how much will the quantity demande
    11·2 answers
  • The Nelson Company's radio division currently is purchasing transistors from the Charlotte Co. for $3.50 each. The total number
    8·1 answer
  • In order to stimulate innovation, Harlose Inc. allows its researchers to devote 2-3 hours of their normal work schedule to pursu
    12·1 answer
  • Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers and signed a 90-day, 6% promissory note for the $4
    10·1 answer
  • Advantages of investment companies to investors include all but which one of the following?
    10·1 answer
  • Sommer, Inc., is considering a project that will result in initial after tax cash savings of $2.3mil at the end of the first yea
    10·1 answer
  • Someone please help !!
    11·1 answer
  • Give the human resource and it law​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!