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olganol [36]
3 years ago
15

Blasterhoff, Inc. is a company that makes cannons for blasting off fireworks. In order to build their business they brought in a

marketing researcher. She has taken the Blasterhoff team through the marketing research process, crunched the data and found that the majority of their sales are clustered around three holidays (July 4th, Christmas, and New Years). She suggests that they focus on getting into more fireworks display shows as their main marketing tactic. If Blasterhoff decides her findings are true, what would its next step be?
Business
1 answer:
Paha777 [63]3 years ago
7 0

Answer:

The next step would be to take action on the discovered research

Explanation:

The company hired the marketing researcher so the first step which is taken by the researcher is to conduct research, fetch the data from the researched data which is already been carried out by them. After fetching the data, a plan is to be created which is also already been carried out. Then the next step after all this would to take action or put into action the plan or the discovered research.

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The term <u>price taker</u> refers to a firm operating in a perfectly competitive market that must take the prevailing market price for its product. Read below about a perfectly competitive market.

<h3>What is a perfectly competitive market?</h3>

In economics, a perfect market is also known as an atomistic market. A effect competition is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition.

Therefore, in such a market the price taker must take the prevailing market price its product.

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As residual income is referred to income that calculated after deducting all debt and expenses occur on the project. ROI is a way to predict the profit of the project while residual income calculates the net income that the organisation generates from the project.

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