___________ is a process used to test consumer reactions about a product among potential users.

2 answers:

8 0

<span>Test marketing is a process used to test consumer reactions about a product among potential users. It is a test directed in a test market composing of actual situations and stores, with the buyers didn’t know that they are in the middle of an assessment test. It is used to check how a customer reacts to the product.</span>

dolphi86 [110]3 years ago

5 0

<span>Test marketing is a process used to test consumer reactions about a product among potential users. When a business redevelops a product or develops a new product, they typically gather together a test market or audience to test the product with. They allow each consumer to use and try out the product and then receive feedback from them. Their overall goal is to make sure they are developing a sound product that meets the needs of their audience. </span>

Read more about asset deflation

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7 0

2 years ago

For each market listed below, determine whether it is best characterized as a Cournot oligopoly, Stackelberg oligopoly, or Bertr

Semenov [28]

Answer: A. Cournot Oligopoly B. Stackelberg Oligopoly C. Bertrand Oligopoly

Explanation:

Cournot Model: In Cournot model, firms produce output independently and then set their prices. In this type of model, the products are typically standardized.

Stackelberg Model: In Stackelberg model, there is one firm who is quite dominant and that firm sets the price. Whereas, other firms or the competing lower firms usually follow the price leader.

Bertrand Model: In this model, firms have interaction with buyers in order to set prices and quantities.

3 0

3 years ago

DeMarcus has been general manager of the Surf and Turf Club restaurant for many years and always schedules extra staff for the b

Keith_Richards [23]

Answer:

illusion of control.

Explanation:

The illusion of control is the tendency for people to overestimate their ability to control events; for example, it occurs when someone feels a sense of control over outcomes that they demonstrably do not influence.

In the scenario, although Business has been consistently slow on Fridays in recent months, yet DeMarcus decides to continue with the extra staffing.

This is obviously a case of illusion because he has no control over the external business environment and there is no logical reason to continue with extra staffing.

3 0

3 years ago

Why isn't elasticity just measured by the slope of the demand curve?

marissa [1.9K]

I think its B if not B than C most likely

6 0

3 years ago

Suppose that you deposit $4,500 in your bank and the required reserve ratio is 18 percent. the maximum loan your bank can make a

NNADVOKAT [17]

Suppose that you deposit $4,500 in your bank and the required reserve ratio is 18 percent. The maximum loan your bank can make as a direct result of your deposit is 3690.

<h3>What exactly is a bank loan and the required reserve ratio?</h3>

A loan is a quantity of money that one or more people or businesses obtain from banks or other financial organizations in order to handle their finances in connection with anticipated or unforeseen circumstances.
By doing this, the borrower creates a debt that must be repaid with interest within a predetermined time frame.
The percentage of deposits that authorities mandate a bank maintain in reserves and refrain from lending out is known as the required reserve ratio.
If the required reserve ratio is 1 to 10, a bank can only lend out $0.90 of every dollar it has on deposit, but it must retain $0.10 in reserves.

Hence, The maximum loan your bank can make as a direct result of your deposit is 3690.

To learn more about the loan, refer to the following link:

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6 0

2 years ago