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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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The manager of a computer software company wishes to study the number of hours senior executives by type of industry spend at th
miskamm [114]

Answer:

Since the calculated value of F= 5.733 falls in the critical region we reject the null hypothesis  and conclude all three means are not equal.

Explanation:

The given data is

Banking          Retail            Insurance

12                      8                        10

10                     8                          8

10                     6                          6

12                     8                           8

<u>10                    10                          10</u>

The results of excel are:            

<u><em>Anova: Single Factor  </em></u>    

     

SUMMARY      

Groups    Count Sum Average         Variance  

Column 1 5 54            10.8              1.2  

Column 2 5 40               8               2  

Column 3 5 42              8.4                 2.8  

         

1) Let the null and alternate hypotheses be

H0: u1=u2=u3  i.e all the three means are equal and

Ha: Not all three means are equal

2) The significance level is set at ∝ =0.05

3)The test statistic to use is

F= sb²/ sw²

which has F distribution with v1= k-1 →3-1=2 and v2= n-k →15-3=12 degrees of freedom

After calculations the following table is obtained.

<u><em>ANOVA  </em></u>    

Source              SS            df         MS            F        P-value        F crit

of Variation

B/w Groups        22.93         2     11.467      5.733    0.01788        3.885

<u>Within Groups       24           12           2                                                       </u>      

<u>Total                     46.93      14                                                                </u>

4) The critical region is F ≥ F(0.05, 2,12) = 3.885

5) Since the calculated value of F= 5.733 falls in the critical region we reject the null hypothesis  and conclude all three means are not equal.

4 0
3 years ago
Rescooperate Ice Cream Shop recently analyzed their books. They found that in the past year, they made $100,000 selling ice crea
kherson [118]

Answer:

A. profit.

Explanation:

We know,

Net Income (profit) = Sales revenue - the cost of goods sold and operating expenses

Here,

The Ice Cream shop made $100,000 on sales revenue. However, the expenses of the shop include supplies and factory space, i.e., rent expense is $75,000.

Therefore, Net Income (profit) = $100,000 - $75,000 = $25,000

Since the sales revenue exceeds the expenses, the company gets a profit. So, <em>option A</em> is the answer.

7 0
3 years ago
Differentiate X3+ 3X2+X
natka813 [3]

Answer:

6k

Explanation:

Differentiate X3+ 3X2+X.The rules of differentiation say that if y= kX^n then dy/dx = knX^n-1. Therefore, X^3 would become 3X^2, 3X^2 would become 6X

6 0
3 years ago
Kinder Enterprises relies heavily on a copier machine to process its paperwork. Recently the copy clerk has not been able to pro
Elza [17]

Answer:

Operating costs = $7,000 x 5 years = $35,000

Operating costs = $2,600 x 5 years = $13,000

Explanation:

Operating costs = $7,000 x 5 years = $35,000

Operating costs = $2,600 x 5 years = $13,000

The current copier should be replaced. The incremental analysis shows that net income for the five-year period will be $3,000 higher by replacing the current copier.

6 0
3 years ago
Suppose that you want to train a group of engineers how to use their left brains to think more logically and use sequential plan
gladu [14]

The activities that would help engineers to get in touch with their left brains are:

  • Have the engineer set goals for attaining their tasks

<h3>What does the left part of the brain do?</h3>

This is the part of the human brain that is considered to be logical. This is the part that is used for writing, reading and also doing calculations.

The engineer would be have to get in touch with their left brains through the setting of goals.

Read more on the brain here:

brainly.com/question/1247675

#SPJ1

6 0
2 years ago
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