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Nana76 [90]
3 years ago
15

Erik is a sales representative for an established building materials manufacturer. Business is good, but he is concerned that th

e company has spent little on new product development and has not created a new product in over five years. Without new products, Erik can market his current products only to his current :______.
Business
1 answer:
RideAnS [48]3 years ago
3 0

Without new products, Erik can market his current products only to his current market the same products to similar customers

<h3><u>Explanation:</u></h3>

New product development involves a lot of research work. This plays a vital role in making the newly developed product to be more successful. The research team must first identify the areas that can be improved with the requirements and feedback from their loyal customers.

But in the given example, Erick’s company is already successful with the developed product for more than five years. Hence, it is recommended for marketing the current products to the current customers and market the same products to similar customers.

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Answer:

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Explanation:

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8 0
2 years ago
A company's Office Supplies account shows a beginning balance of $630 and an ending balance of $460. If office supplies expense
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The correct answer is that there was $3,080 worth of office supplies purchased during the period.

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5 0
3 years ago
On September 3, 2021, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows:
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Based on the information given the appropriate journal entries to record the exchange for both Robers and Phifer are:

Robers entries

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Debit Accumulated Depreciation $111 000  

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Credit Equipment  $190,000

Credit Gain on Sale $17,000

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Phifer's entries

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Credit Cash  $19,000

Learn more about journal entries here:brainly.com/question/24696035

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