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3 years ago

Which best describes the results provided by market research?

1 answer:

8 0

<span>Market research tells producers what consumers want and what they're willing to pay.

Marketers perform market research so they can accurately determine who their audience is, what people will buy, how much they will buy and how much they will pay for it. Without conducing this research they could be spending money trying to reach the wrong audience. They could also have their product set too high or too low and potentially lose money/customers.
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You might be interested in

Determine the amount of money that must be invested now (time 0) at 10% nominal interest, compounded monthly, to provide an

Veseljchak [2.6K]

Answer:

the amount of money that must be invested now is $21068.87

Explanation:

Given that:

Nominal interest = 10%

Annuity = 7000

n = 8 years

The Effective interest rate is calculated by using the formula:

Effective interest rate = $( 1 + \dfrac{r}{100 \times n})^n-1$

Effective interest rate = $( 1 + \dfrac{10}{100 \times 8})^8-1$

Effective interest rate = 0.1045

Effective interest rate = 10.45 %

Thus ; the the amount of money that must be invested now is the present value with the annuity of $7, 000 per year for 12 years, starting eight years from now.

$PV = 7000(\dfrac{(1+ 0.1045)^{12}-1}{0.1045(1 + 0.1045)^{12}})( \dfrac{1}{(1+ 0.1045)^8})$

PV = 7000 × 6.666056912 × 0.4515171371

PV = $21068.87

Thus; the amount of money that must be invested now is $21068.87

4 0

3 years ago

Eduardo has always wanted to operate his own fast food restaurant but he knows the high failure rate of restaurants. To increase

telo118 [61]

Answer:

buying a franchise of a well-established restaurant.

Explanation:

A franchise business model is a business arrangement where the owner or 'franchisor' sells the rights of a business to ' franchisee' who operates an independent outlet. The rights that a franchisee acquires include business name, logo, business and operating models. Examples of known franchises are MacDonald, subway, and Starbucks.

The biggest advantage Eduardo will gain by purchasing a franchise is that he will get instant access to a well-established brand name. Eduardo does not need to spend resources on creating a name, or products to introduce to customers. An established franchise will provide him with customers, a management model, and a chance to succeed.

4 0

3 years ago

John Daniel opened a medical practice in Sacramento, California, and had the following transactions during the month of January.

spayn [35]

Answer:

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $34,000

To Common stock A/c $34,000

(Being the cash is received in exchange of common stock)

2. Medical supplied A/c Dr $17,000

To Account payable A/c $17,000

(Being the medical supplies are purchased on account)

3. Cash A/c Dr $1,600

To Service Revenue A/c $1,600

(Being the cash is received for service performed)

4. Office Rent Expenses A/c Dr $3,000

To Cash A/c $3,000

(Being the office rent expense is paid for cash)

5. Accounts Receivable A/c Dr $7,000

To Service revenue A/c $7,000

(Being the service revenue is recorded)

4 0

3 years ago

The fact that financial services are more plentiful and easier to access means that

DaniilM [7]

A. consumers need to be better informed about what services are available and what those services cost.

8 0

3 years ago

Mitch, a single taxpayer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of Birmingham Bond

Ivan

Answer:

The answer is: $18,289.50

Explanation:

The interest earned from the investment in Birmingham Bonds is not included in Mitch's gross income.

If Mitch earned $100,000, so he will fall under the fourth bracket for single filers.

He will have to pay $14,089.50 plus 24% of any income over $82,500.

taxes due = $14,089.50 + [($100,000 - $82,500) x 24%]

taxes due = $14,089.50 + $4,200 = $18,289.50

6 0

3 years ago