The importance of doing customer research is to have a drive for new product development. A research can be effective in pointing out consumer trends and fads, as well as opening a direct customer communication channel that feels prestigious for having its requests valued by a company. Through concrete data of potential customers and new customers, an organization has the ability to meet the actual demand of potential customers and make possible adjustments to the production process.
Answer:
D
Explanation:
When a business borrows money, the amount borrowed is measured in dollar. For example, a business can borrow $10,000. Another business can borrow $1 million.
When goods are sold, money is received in exchange for the sale of the good.
When goods are bought, money is given to the seller in exchange for the good.
Answer: Disadvantage of -$5,800
Explanation:
Incremental sales revenue if processed further and sold = (12 - 10) * 2,200
= $4,400
Additional cost = $10,200
Financial Advantage(Disadvantage) = Incremental revenue - Additional cost
= 4,400 - 10,200
= -$5,800
Answer:
Letter A is correct.<u><em> Retailer cooperative.</em></u>
Explanation:
Retail cooperative is a collaborative marketing strategy that encompasses collective advertising, branding, promotion, and other efforts to benefit all companies involved in the cooperative.
The choice of participating retailers must be analyzed and selected through strategy so that collective efforts are enhanced. Collaboration can occur through :
- Co-branding
- Cooperative branding
- Practical cooperation
- Complementary Branding
This strengthening strategy is very effective, cooperative marketing strategies assist in brand strengthening, market gain, economies of scale, increased reliability and revenue
