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
melisa1 [442]
3 years ago
13

Which phase of the new product development process involves identifying the target​ market, estimating its​ size, and determinin

g how the company can effectively position the product to address the target​ market's needs? A. Product concept development and screening B. Idea generation C. Marketing strategy development D. Test marketing E. Commercialization
Business
1 answer:
Mkey [24]3 years ago
6 0

Answer: Marketing strategy development

Explanation:

Marketing strategy development is essential to develop a brand. Strong marketing strategies are vital for industry dominance. A marketing strategy is more than just advertising the product. A connection, display of need of the good and its value is essential to get the right audience.

Marketing strategies provides small business with direction essential for effective promotion.

Marketing strategies is different for businesses, the main thing is tailoring it to what the company needs. Marketing strategy should involve a set of clear goals, and consumer research.

You might be interested in
if consumers are willing to pay a higher price than previously for each level of output, you can say that blank has occurred A.
Sauron [17]
The answer is c.....
6 0
3 years ago
Which of the following is a disadvantage of a market economy?a. consumer satisfaction is lowb. it limits freedom for producers a
patriot [66]

Answer: The correct answer is c) It does not provide for everyoned.

Explanation:

In a market economy, the problem is that we are not born with the same opportunities, nor the possibility of accessing the same factors of production, nor are we equally qualified in all fields. That is, those who are born in a family with less economic resources, or simply are not enabled in activities that have more benefits, are at a disadvantage compared to the rest of the individuals. These inequalities end up generating inequalities in income distribution.

4 0
3 years ago
2. What kind of good is it? Determine whether each of the following goods is a private good, a public good, a common resource, o
erastovalidia [21]

Answer:

1- A cabana along a beach that is open to the public --- Common resource

2- A new drum set for you to play in your friend's band --- Private good

3- A large, beautiful statue in a town square --- Public good

Explanation:

1- Common resources are goods that are not excluded, but are rival. Not excluded means that no restrictions can be imposed on the use, such as paying a price, for example because there is no personnel or technical provision available to enforce this.

2- Private goods are defined as goods that are excluded and rival. Private goods are the opposite of public goods.  

Excluded means that some consumers can be excluded from the use of this good. For example: Someone has bought a good and decides who uses the good.  

In turn, rival means that, if used properly, it cannot be consumed again or simultaneously by others.

3- A public good is a commodity or service characterized by two basic characteristics: non-rivalry and non-excludability.

Non-rivalry means that a person's consumption of a commodity does not affect the quantity or quality of the same commodity that another person can consume.

Non-excludability means that it is impossible to exclude anyone from the consumption of an item (for example, because it did not pay for the item). Goods that hold only one of the properties are called semicollective goods, while the goods that possess both properties are called genuine collective goods.

5 0
3 years ago
Clay Corporation manufactures two styles of lampslong dasha Bedford Lamp and a Lowell Lamp. The following per unit data are​ ava
mote1985 [20]

Answer:

$ 10

Explanation:

Given:

For Bedford lamp

Sales price = $ 26

Variable cost = $ 16

Machine hours required per unit = 1

Now,

the contribution margin per unit = Sales price - Variable cost

= $ 26 - $ 16

= $ 10

therefore,

the contribution margin per machine hour is calculated as:

= contribution margin / machine hours

or

= $ 10 / 1

or

= $ 10

hence,

the contribution margin per machine hour for the bedford lamp is $ 10

4 0
3 years ago
hi im smartswimmer101 aka jaja1213 aka ok no more "akas" i have had a lot of accounts but anyway how is school going for all of
nadya68 [22]

Answer:

Thank you for sharing your thoughts on the homework assignments application

8 0
3 years ago
Other questions:
  • Below is the common equity section (in millions) of Fethe Industries' last two year-end balance sheets:
    9·1 answer
  • Nicolas maduro is the leader of what country, which is struggling with a major economic crisis that includes incredibly high inf
    6·1 answer
  • The holding period return​ (HPR) of​ one's portfolio should be compared to investment goals
    9·1 answer
  • You recently purchased a stock that is expected to earn 10 percent in a booming economy, 4 percent in a normal economy, and lose
    9·1 answer
  • Winter Company has no beginning and ending inventories, and reports the following data about its only product: Direct materials
    11·2 answers
  • Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company
    14·1 answer
  • Consider the following totals: Revenues = $100,000; Operating costs and expenses = $45,000; Other revenues = $5,000; Income taxe
    7·1 answer
  • The following information has been provided by New​ Age, Inc.:
    12·1 answer
  • Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar b
    7·1 answer
  • Tempe Office Services and Supplies (TOSS) provides various products and services in the Tempe Research Park, home to numerous hi
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!