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STatiana [176]
3 years ago
10

Ideally, before a new product is developed, a firm should have a precise protocol, which is a statement that identifies: (1) wha

t the product will be and do to satisfy consumers; (2) specific customers' needs, wants, and preferences; and (3) __________.
a. a clear marketing plan
b. clear financial goals and expectations
c. a well-defined target market
d. a comprehensive SWOT analysis
e. a precise budget of how much can be spent for a new offering's marketing program
Business
1 answer:
Elena-2011 [213]3 years ago
5 0

Answer:

The correct answer is the option B: clear financial goals and expectations.  

Explanation:

To begin with, before a new product is developed a company must follow a precise protocol in which the marketing mix plan is already established and therefore once that the company states the 4Ps of their marketing mix, it establishes the features of the product including characteristics of what it will be and do; the target audience including the costumers' preferences, needs and wants; the distribution channels and the promotion strategy.

To continue, <u><em>the protocol must establishes clear financial goals and expectations</em></u> in order to know how much is available to spend and how much of time will it take to create the product and to obtain the return of investment as well. Therefore, once that the marketing mix is established, the company needs to have in mind their expectations and expenditures.

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Refer to the given data. a $2 billion increase in consumption at each level of di could be caused by:
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A. a decrease in consumer wealth
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Organizational culture refers to: a. how a firm acquires, uses, and develops its various resources and capabilities. b. a set of
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Answer:

d. the complex set of ideologies, symbols, and core values that are shared throughout the firm.

Explanation:

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3 years ago
Select all that apply.
tino4ka555 [31]

Answer:

adding up consumption, investment, government expenses, and net exports

adding up the market prices of final goods and services produced in the U.S

adding up the incomes of producers and taxes paid to the government

Explanation:

GDP is a measure of the sum value of a country's output in a given period. The GDP value reflects economic growth or decline in a country for the period under review.

GDP is calculated using three methods. They include the income, production, and expenditure approach.

In the Income approach, economists add up all the earnings from the factors of production. Wages and salaries of all employees; the profits from businesses and corporates' ; rents, and interests form landlords are summed up to get GDP. Adjustments are made to cater for the taxes paid to the relevant government agencies. ( 4th option)

The production approach involves getting the value of all the finished consumer goods and services in the economy. The approach excludes intermediary goods and work-n progress. GDP is obtained by adding the total of the finished products and services and multiplying them by their prices. (3rd option)

The consumption option applies a formula that GDP = C+G+I+ NX, where C is private consumption expenditure,  G is government consumption and investment expenditure, and I in private investment expenditure. NX is the net imports. ( 1 st option )

4 0
3 years ago
On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $45,000. Alan made the appropriate year-end
shepuryov [24]

Answer:

Debit Notes Payable $45,000; debit Interest Payable $750; debit Interest Expense $750; credit Cash $46,500

Explanation:

The journal entry is given below:

Notes payable $45,000  

Interest payable ($45,000 × 10% × 60 ÷ 360) $750  

Interest expense ($45,000 × 10% × 60 ÷ 360) $750  

            To Cash $46,500

(Being payment of notes payable is recorded)

here note payable, interest payable, interest expense is debited as it increased the expenses and decreased the liabilities while on the other hand the cash is credited as it decreased the assets

8 0
3 years ago
What are deficient products? products that have neither immediate appeal nor long-run benefits products that give high immediate
Lisa [10]

Answer:

Products that have neither immediate appeal nor long-run benefits

Explanation:

A product represents a bundle of utilities created by a producer to satisfy a want.

A deficient product as the name suggests, would refer to such products which are deficient in attributes that represent a customer want and the ones which fail to satisfy customer wants.

Those products who do not conform to a particular quality standard or whose performance is below par as per customer expectations would be termed as deficient products.

Sometimes, organizations deliberately create deficient products so as to induce repurchase of subsequent products depicted as improvements over the previous ones.

Such products lack current appeal and are neither expected to accrue to long term benefits.

7 0
3 years ago
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