All categories

3 years ago

Where would it be right to apply the product concept?

Business

1 answer:

Nady [450]3 years ago

6 0

Answer:

In marketing

Explanation:

The Product concept is the understanding of the best features of a product which a marketer wishes to sell. Before a product is sold, it is very important that the marketer gets a proper understanding of the product. This knowledge would help him convince the customer that the product is the best and would actually meet his needs.

For producers, realizing this need of customers would help them focus on making products with superior quality that can as well meet the requirements of customers. These products should also be able to thrive in a very competitive environment.

You might be interested in

You plan on supplementing your income. you would like to withdraw a semiannual salary of $6,951.20 from an account paying 1.75%

ValentinkaMS [17]

We are given with the data: A = <span>$6,951.20 per semi-annum that is $13902.4 per annum, i equal to 1.75% compounded semi-annually, and asked for P or the present worth to maintain the withdrawal for 15 years.
the formula to be used is attached in the file (third one). substitute the i = 0.0175, n = 30, A = </span>$13902.4 and get P.

5 0

3 years ago

A company would like to produce 1000 products per week for 30 weeks. The Direct Material Cost for the raw materials used in the

ella [17]

Answer:

$60000

Explanation:

Their are 1000 products to produce per week for 30 weeks.

Total of product = 30* 1000

= 30000

For every 100 products, the filter needs to be changed, and it cost $50.

The number of filter used is

= 30000/100

= 300.

So the product cost $1.5

Total cost =

($1.5*30000)+($50*300)

= $45000+$15000

= $60000

4 0

3 years ago

Hope receives an $18,500 scholarship from State University. The university specifies books, supplies, and equipment, while $10,0

irga5000 [103]

Answer:

Hope's gross income = $5000 + $10,000 = $15,000

Explanation:

First, we need to highlight what are qualified education expenses especially for tax-free fellowships and scholarships.

Specifically, the qualified expenses that will be tax exempt will be

The tuition and fees which are requirements to go to an eligible school or institution

Other course related expenses required for courses in such institutions such as books equipment and supplies are also tax exempt.

<u>However, room and board, research travel and other expenses that are not required for courses in the institution are not tax free</u>

Based on this analysis:

Hope's initial earning on campus = $5000

However, $10,000 spent on room and board are not required for enrolment in the school, hence, it will be added to the earnings to make the gross income

Hope's gross income = $5000 + $10,000 = $15,000

5 0

3 years ago

What is the purpose of the owner capital account in the closing process? a.Owner capital is used to verify that net income or lo

givi [52]

Answer:

d.Owner capital is where the period's net income or loss is transferred.

Explanation:

The owner capital account which is also known as 'retained earnings' is a balance sheet account where the organisation's profits / net income or losses are transferred. Net incomes will increase the owner capital account while losses will reduce the owner capital account.

Based on the above, option d is the correct answer.

5 0

3 years ago

Which of the following acts protect a "famous" trademark, even if the owner is unable to prove that the public is confused by an

Serhud [2]

Answer:

E) Trademark Dilution Act

Explanation:

The Trademark Dilution Act was passed by Congress in 1995 and it's sole purpose is to protect famous trademarks from similar imitations or copycats.

Long before this law was passed, famous trademarks like Coke had to sue imitators that tried to use similar names to market "alternative" products. For example, in 1920 Coca Cola (owner of Coke) sued Koke for trademark infringement and won.

The Trademark Dilution Act prohibits using trademarks and logos that are similar to famous trademarks because it dilutes their reputation and goodwill.

8 0

4 years ago