Answer:
modified product - multiple markets
Explanation:
This type of strategy consists of offering different products, which are modified versions of some exiting product, to new markets.
In this case, the improved version of the wood wax is a modified version of the old wood wax, and is going to be targeted to a new and specific market (antique owners), while the original version is still going to be targeted at the current market.
The tenth amendment to the united states constitution which is part of the bill of rights.
To solve for the gross margin:
Gross margin = net sales - cost of goods sold
Gross margin = $847,000 - $561,500
Gross margin = $285,500
To solve for the operating expenses:
Operating expenses = gross margin - net income
Operating expenses = $285,000 - $101,200
Operating expenses = $183,800
Answer:
Explanation:
There is a need for market research for companies, so that the company can be uttered in the right direction
Answer:
1. Adjustments of or changes in price are not smooth or synchronized.
2. Inflation rarely have impact on the prices of inputs.
3. The concentration of sellers is more on nominal prices of goods than real prices.
Explanation:
Inflation can be described as a sustained increase in the general price level of commodities within a country over a period of time.
The following are the reasons inflation in the real world result in shortages and surpluses:
1. Adjustmensts of or changes in price are not smooth or synchronized.
2. Inflation rarely have impact on the prices of inputs.
3. The concentration of sellers is more on nominal prices of goods than real prices.
