Answer:
The correct option is;
B. Performing a premarket test before venturing into full-scale production
Explanation:
Market testing is the process of appraising the different scenarios and arrangements that can be encountered and the selection of the most appropriate arrangement that is most favorable for expansion
Market testing involves trials made to answer the following questions;
The level of demand for the marketed product
The customers demanding the product, and customer opinion about the product, compared to those of the competitor
The expected level of sales
The best form of advertising
The legal requirements
The competitors in the market
Other market reactions to product launch
The correct answer is A. A good, solid business plan.
<span>Let us assume Toni made 100 apple pies in 10 hours, that means 10/hour.
Now, with help of assistant she produces 60% more and work for 20% less time.
So,
[100+(60% of 100)] = 160 apple pies produced in [10-(20% of 10)]= 8 hours.
160/8 = 20/hour
So, with the help of assistant Toni's output of apple pies per hour increases by 100%.</span>
Answer:
The correct answer is: The PPF shows us that gains from trade are maximized when countries produce goods for which they have an absolute advantage in production.
Explanation:
A production possibilities frontier is a curve that shows different combinations or bundles of two goods that can be produced using all the resources and technology available.
It represents the concept of scarcity of resources and opportunity costs. Because of the scarcity of resources we cannot increase the production of both goods. To increase the production of one good we need to sacrifice the production of others. So, there is some opportunity cost involved in producing each additional unit of output.
