Usually D.) Focus Group
They are a small group of people who will review and give feedback on a test product. The other alternative (B, sample audience) is for when the product is usually already in its earl development stage. (Not a prototype)
Setting goals. Having a game plan to work off of. Having all the right tools to perform the kind of work your business will be doing and making sure you have the assets to start the business up.
Answer:
9%
Explanation:
- $379,650 CF 0
$150,000 CF 1
$150,000 CF 1
$150,000 CF 1
The approximate internal rate of return on this project is 9%
Answer:
Place - distribution
Explanation:
The marketing mix contains fours Ps.
1. Place: Place denotes the place where the product is being sold and purchased
2. Price: The price is the primary element item without which the commodity would not be sold or even purchased. Customers are willing to buy the product by understanding the price of the commodity.
3. Product: The product defines the attributes which induce the client
4. Promotion: Promotion is the way to discover the company's goods through advertisements, worth of mouth
According to the given situation, since the company received request for purchasing the scanners so it have to focus on the place where distribution of the goods could be taken place
Answer:
$304,600
Explanation:
Break-even point = Fixed cost / Contribution margin
Break-even point = $121,840 / 0.4
Break-even point = $304,600
Therefore, the break-even point is $304,600