Answer:
Test marketing
Explanation:
Product development process are the steps involved in taking a concept, creating a product, and making it available to the final consumer.
The test marketing step of the product development process that entails release of limited amount of a product to the consumer to gauge consumer response.
It is a marketing strategy the occurs with or without the consent of the consumer.
In the give scenario Mountain Foods gives away samples of salsa to customers and gather feedback on their perceptions of the product. Three different products will be given away in three specific markets: peach salsa in Georgia, cherry salsa in Michigan, and orange salsa in Florida.
This is test marketing.
Answer:
$162,520
Explanation:
As per the given question the solution of retained earnings is provided below:-
To reach at retained earning first we need to find out the total expenses and net income which are as follows:-
Total Expenses = Advertising Expense + Income Tax Expense + Rent Expense + Supplies Expense
= $40,000 + $26,000 + $23,400 + $33,800
= $123,200
now,
Net income = Revenue - Expenses
= $200,000 - $123,200
= $76,800
So, the Retained Earnings as of December 31, 2019 = Retained Earnings of January 1, 2019 + Net Income - Dividend
= $115,720 + $76,800 - $30,000
= $192,520 - $30,000
= $162,520
First, we should know the definition of the information management. Information management is the management of information from the particular sources and then the distribution of that information to a particular person or audience. So the goal of information management is to make organization to be able to collect, manage, store and deliver correct information to the correct audience.
Answer:
Direct
Inverse
Explanation:
The options to this question wasn't provided. The full question can be found here: https://www.chegg.com/homework-help/relationship-quantity-supplied-price-relationship-quantity-d-chapter-3-problem-7mcq-solution-9780077416355-exc
The relationship between quantity supplied and price is direct because the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied. This results in an upward sloping supply curve.
the relationship between quantity demanded and price is inverse because the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. This explains why the demand curve is downward sloping.
I hope my answer helps you
Answer:
opportunity cost of $32,000
explicit cost of $10,000
Explanation:
Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.
the decision to leave his job is the opportunity cost of attending college. So, the opportunity cost is the income he would be forgoing to attend college.
the tuition fee he pays is the explicit cost. explicit cost is the actual cost incurred in carrying out a particular action
