Although test marketing costs can be high, they are often small when compared with the costs of a major mistake.
<h3>What is meant by test marketing?</h3>
Before a larger release, a product or marketing campaign is made accessible on a restricted basis to test markets with the intention of examining consumer reaction. It's crucial to keep in mind that customers who have been exposed to the product or campaign can unknowingly be a part of a test group.
Standard test markets, controlled test markets, and simulated test markets are the three different types of test markets. The main users of test markets are marketers of consumer packaged goods. Products supplied in packets that people use practically daily are referred to as consumer packaged goods (CPG).
Even while test marketing expenses can be considerable, they are frequently insignificant when weighed against the price of a significant error.
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That would be known as taxable income
A. correct me if im wrong
Answer:
Their total assets next year has to be $124,725
Explanation:
<em>Step 1: Determine the initial assets and liabilities</em>
The total assets can be expressed as;
A=C+E
where;
A=total assets
C=common stock
E=retained earnings
In our case;
A=unknown
C=$12,173
E=$91,949
replacing;
A=12,173+91,949=$104,122
<em>Step 2: Determine total liabilities</em>
Total liabilities=initial liability+dividends
where;
Initial liability=$73,225
dividends=$15,000
replacing;
Total liabilities=73,225+15,000=$88,225
<em>Step 3: Determine new assets</em>
Using the formula;
Net profit=new assets-total liabilities
where;
Net profit=$36,500
new assets=unknown=n
total liabilities=$88,225
replacing;
36,500=n-88,225
n=36,500+88,225=$124,725
n=$124,725
Their total assets next year has to be $124,725
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Answer:
Punching machine
Explanation:
The computation is shown below:
Punching actual output = Both punching and the binding output + punching output
= 8,000 + 5,000
= 13,000 pages per hour
But the punching machine process to 15,000 pages per hour
Now the utilization rate of punching is
= 13,000 ÷ 15,000
= 0.867 pages per hour
Now for binding
The actual output is 8,000 pages per hour
Binder processing to 10,000 pages per hour
So, the utilization rate is
= 8,000 ÷ 10,000
= 0.8 pages per hour
As we can see that the utilization rate of punching is higher that results the bottleneck
