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ivolga24 [154]
3 years ago
15

he first step of the research process is especially important in foreign markets because researchers tend to treat the problem a

s if it were in their home environment. underestimate the influence of local culture on a problem. forget they cannot access primary or secondary sources of data in foreign markets. crystallize the problem definition within 24 hours and adopt a set mindset.
Business
1 answer:
Citrus2011 [14]3 years ago
5 0

Answer:

  • researchers tend to treat the problem as if it were in their home environment
  • researchers underestimate the influence of local culture on a problem

Explanation:

Both economic and cultural differences between countries can affect greatly a market research process, and they must be addressed before the research starts.

For example, the names of many western products do not sound or mean good things in Chinese and in order to perform a good market research the name must be adapted before starting the research process. Coca Cola had to change its name before any research could be done because it sounded like toad wax (whatever that is in Chinese) and ended up with Kekou Kele which means "let your mouth rejoice". If the researchers had tried to ask anyone about their toad wax tastes it probably would have resulted in a very short and negative survey.  

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Unlike product, promotion, or place, price is the only part of the marketing mix
mario62 [17]
Yes, its is the only thing marketing mix does. 
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3 years ago
Annette Anderson has a choice of receiving either $5,000 in two years or a discounted sum today. If her opportunity cost is 8% w
kolezko [41]

Answer:

the present value is $4,286.69

Explanation:

The computation of the sum received today is shown below:

As we know that

Present value = Future value ÷ (1+rate of interest)^number of years

 = $5,000 ÷ (1 + 0.08)^2

= $5,000 ÷ 1.1664

= $4,286.69

hence, the present value is $4,286.69

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

8 0
3 years ago
Monetary policy is determined by the Fed, but must be coordinated with the _________ policy through U.S. Treasury operations.
trapecia [35]

Answer:

Fiscal policies

Explanation:

Monetary actions are the Fed's actions of regulating the money supply in the economy to achieve stable prices and sustainable economic growth.  The Fed works under the central bank of America. To fulfill its mandate, the Fed uses several monetary policy tools such as the fed fund rare, open market operations, and the discount rate.

Monetary policies are used in conjunction with government fiscal policies to steer the economy in the preferred direction. Fiscal policies are developed by the executive arm of government and Congress and implemented through treasury operations. The policies will involve adjusting taxes and government spending to influence stable and sustainable economic development.

3 0
3 years ago
Read 2 more answers
Funds acquired by the firm through retaining earnings have no cost because there are no dividend or interest payments associated
bonufazy [111]

Answer:

The correct answer is false.

Explanation:

This statement is false because all funds acquired through earnings have an intrinsic cost that must be determined at the time of withholding them, which must be taken into account during the sale process of any title that is part of the estate. business.

5 0
3 years ago
Johnson Electronics makes calculators. Consumer satisfaction is one of the top priorities of the company's management. The compa
dimulka [17.4K]

Answer:

the probability that exactly 30 of the 500 calculators IS 0.0495

Explanation:

Given data:

number of calculators n = 500,

percentage of defected calculators p = 0.05

From Normal approximation method;


X~Normal mean = 500\times 0.05 = 25,

s = \sqrt{n\times p\times (1-p)}

   = \sqrt{(500\times 0.05\times 0.95)} = 4.87


Therefore probability is

P(X= 30) = P(29.5< X< 30.5) ( from continuous correction)

&#10;=P[\frac{(29.5-25)}{4.87}] < \frac{(X-mean)}{s} < \frac{(30.5-25)}{4.87}&#10;&#10;=P(0.92

=0.0495 (from standard table of Z )

4 0
3 years ago
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