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Andrei [34K]
3 years ago
10

Having had no prior knowledge of the market for his product sweater, what approach did Jack McCarthy of Ugly Christmas Sweaters

utilize when putting his product up for sale?
Business
1 answer:
telo118 [61]3 years ago
6 0

Answer:

When any company wants to sale their product without prior knowledge of the market then it's a disaster.

First thing Jack can do is "Test Marketing". If any company has no knowledge of market then fastest way to know your market is test marketing. Jack must put his sweaters in small quantity for sale at different locations. Test marketing needs to be done for whole week. Jack needs to collect the feedback from its customers too. Feedback is the way jack can know the market. Without knowing the market and customers, it's really hard to market or sale your product. Feedback from test marketing activity will actually give him market knowledge and customer's feedback.

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Carper Company is considering a capital investment of $390,000 in additional productive facilities. The new machinery is expecte
VARVARA [1.3K]

Answer:

(1) Payback period is 4.588 years or 4 years and 215 days

(2) 5.13%

Explanation:

(1)

Payback period is the time period in which Initial Investment made in the project is recovered in the form of cash inflows.

Payback period = Initial Investment / Annual net cash flow

Payback period = $390,000 / $85,000 = 4.588 years = 4 years and 215 days

(2)

As per given data

Net Income = $20,000

Initial Investment = $390,000

Annual rate of return is the ration of net income to the investment made in the project.

Annual rate of return = Annual net Income / Initial Investment  

Annual rate of return = ($20,000 / $390,000) x 100 = 5.13%

8 0
3 years ago
Read 2 more answers
Vertis Corporation is interested in cutting the amount of time between when a customer places an order and when the order is com
morpeh [17]

Answer:

12

Explanation:

Computation for throughput time

Using this formula

Throughput time = Process time + Inspection time + Move time + Queue time

Let plug in the formula

Throughput time=5+0.6+0.4+6

Throughput time=12

Therefore the Throughput time will be 12

3 0
3 years ago
In the job performance formula Performance=M+A+E, what does M stand for?
Illusion [34]

<u>Answer: </u>Motivation

<u>Explanation:</u>

In the job performance formula M stands for motivation, A for Ability and skills E for Environmental obstacles. When the company's performance is stable over time because of the employee's performance then the employee's will be rewarded with huge incentives.

This model where Performance=M+A+E it denotes that the compensation benefits does not change the employee behavior towards his performance . Only these three factors determine his performance behavior. When these three factors are not met in enough then it reflects in inefficient performance of the employee.

8 0
3 years ago
_____ was established by the Better Business Bureau to evaluate ads directed at children based on guidelines that encourage sens
kaheart [24]

Review Unit for Children's Advertising  was established by the Better Business Bureau to evaluate ads directed at children based on guidelines that encourage sensitivity to their level of sophistication and knowledge, as well as an emphasis on positive social traits such as friendship and kindness.

<u>Explanation: </u>

In 1974, the US self regulatory organization was created by the National Advertising Review Board. The Children's Advertising Review Unit is an organization of the Council of Better Business Bureaus, basically has two missions:  

  1. to protect kids from misleading or unwanted coverage across all channels and;  
  2. CARU partners with companies in order they conform to all relevant legislation and the autonomous CARU standards which take account of the exceptionally impressive and disadvantaged children's audience, both marketing and data collection practices.

When advertising or data gathering practices are discovered to be ambiguous, improper or inconsistent with the CARU guidelines, CARU aims to change through voluntary participation between companies.

4 0
3 years ago
Which are the most likely uses of capital invested in a business? Check all that apply.
Rashid [163]

I believe the answer is: hiring workers

producing goods

distributing goods

buying materials

Capital investment would most likely be done in order to obtain and increase the amount of income, which is why most of it used would be spend to either advertising, production, and distribution. Paying taxes and repaying investors would be conducted after the income is obtained, not before.

8 0
3 years ago
Read 2 more answers
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