1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lera25 [3.4K]
4 years ago
14

Some new-product experts maintain that getting close to customers through intensive research is the only way to develop successf

ul new products. Other experts disagree and say customers can't possibly provide useful feedback on what they don't know and can't provide insights that will lead to break through products..
Either defend the proposition that consumer research is critical to new-product development, or the position that consumer research may not be all that helpful in new-product development.
Business
1 answer:
Elina [12.6K]4 years ago
8 0

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.

You might be interested in
If the price of natural gas rises , when is the price elasticity of demand likely to be the highest?
AlexFokin [52]

If the price of natural gas rises, the price elasticity of demand is likely to be the highest one year after the price increase.

<h3>What is the price elasticity of demand?</h3>

A measure of a product's consumption shift in response to a price change is called price elasticity of demand. The quantity shift in percentage terms divided by the price change in percentage terms is used to determine the price elasticity of demand.

The price elasticity of demand would probably be at its peak if the price of natural gas increased. Elasticity will be strongest in the long run since consumers would start exploring alternatives as a result of ongoing price increases.

Learn more about the elasticity of demand, here:

brainly.com/question/20630691

#SPJ1

5 0
2 years ago
Ben learns that the company was going to be laying off several employees over the next several months. He knew that the rumor mi
Mademuasel [1]

Answer:

D. Call an all staff meeting and give everyone the news.

8 0
3 years ago
Assume you borrowed $100,000 at a fixed rate of 7 percent for 30 years to purchase a house. If the inflation rate is 3 percent,
nikitadnepr [17]

Answer:

(A) less

Explanation:

Given a positive inflation rate, the real value of the dollar will depreciate by the rate of inflation annually.

Thus, for a house that cost $100,000 today, given a 3% inflation rate, it would cost (100,000 * 1.03 = ) $103,000 after a year.

This means, $100,000 today will have the same value as $103,000 one year later.

Therefore, repayments, which will likely be a fixed sum every year, will have a lower purchasing power as the year progresses.

6 0
3 years ago
The cost of a product warranty should be included as an expense in the
Lady_Fox [76]

Answer:

period of the sale of the product.

Explanation:

As we know that  

When we purchase the product in most cases the product warranty comes along with it  

So if there is a case of damage or repair than it would be replaced with the new product

Plus the cost of the product warranty should be included as an expense in the period when the product is sold as it is attached to the product and the same is charged by the customer

8 0
3 years ago
Zoe Corporation has the following information for the month of March: Cost of direct materials used in production$17,811 Direct
lbvjy [14]

Answer:

The question is not complete as requirement is not given.

However,in supply of information like this, determination of cost of sale is generally assumed to be the requirement.

The cost of sale for Zoe corporation for March is $76,396

Explanation:

Two accounts are needed to derive the cost of sale: manufacturing account and trading account.

Manufacturing account is prepared to determine the cost of production. The preparation of cost of production involves three major steps:

1. Determination of prime cost by adding direct material cost with material labor cost and other direct manufacturing cost.

2. Adding prime cost with factory overhead cost.

3. Adding changes in work in progress( Opening WIP  minus Closing WIP) to value arrived at step 2.

The figure arrived at is cost of production.

Trading account is prepared to derive the cost of sale for a particular period.

It involves adding opening finished goods with purchases (if any) and cost of production. After this, closing finished goods is subtracted from the figure derived above to arrive at cost of sales for the period.

Using information supplied by Zoe Corporation, the cost of sale is:

                                                         Zoe Corporation

                                               Manufacturing Account For March

                                                                            $            $

Cost of direct materials used in production                17,811

Direct Labor                                                                   <u>29,363</u>

Prime Cost                                                                      47,174

Add: Factory Overheard                                               <u> 32,472</u>

                                                                                       79,646

Changes in Work in Progress

Begininng WIP                                          20,353

Closing WIP                                             <u>  (19,710)</u>           <u>643</u>

Cost of Production                                                         <u>80,289</u>

                                              Trading Account For March

                                                                                           $

Opening Finished inventory                                         24,290

Add:Cost of production                                                 <u>80,289</u>

                                                                                       104,579

Closing Finished Inventory                                        <u>   (28,183)</u>

Cost of Sale                                                                   <u> 76,396</u>

6 0
4 years ago
Other questions:
  • The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Titl
    14·1 answer
  • f a company needs to raise cash fast inorder to pay suppliers and stay in business during the short term which method would you
    10·1 answer
  • On january​ 1, 2017​ hillop, inc. had total assets of​ $370,000. during the​ year, the company purchased new machinery worth​ $8
    12·1 answer
  • Martin Company has a cash ratio of 0.3. This implies that the company​ _________. A. is not in a position to meet its​ long-term
    11·1 answer
  • Read the scenario. Alfonso is 19 years old and has a high school diploma. Recently, he was promoted to assistant manager at the
    12·1 answer
  • On January 1, 2017, Sandhill Corporation sold a building that cost $258,210 and that had accumulated depreciation of $105,500 on
    12·1 answer
  • Because all work ultimately entails some human interaction, effort, or involvement, Bossidy and Charan believe that focusing on
    14·1 answer
  • American​ Exploration, Inc., a natural gas​ producer, is trying to decide whether to revise its target capital structure. Curren
    11·1 answer
  • Nelson, the HR Director of a large organization, is concerned about the lack of a deep internal pool of talent for middle and up
    14·1 answer
  • if a start up business owner invests $25,000 cash and then borrows $15,000 from a bank, the owner's equity would be
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!