The process is known as Marketing Research
Marketing Research refers to activities of evaluating & determining the feasibility of a firm's new product or service, through research conducted with targeted or potential customers.
- Marketing research helps the management because information provided from the research conclusion helps in the firm decision making.
- However, marketing research must be systematic, objective and analytical so as to ensure drawing of valid conclusion for purpose of decisions making in a firm.
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<em>brainly.com/question/16828144</em>
In general, the people who have the power to select or approve the supplier are referred to as the "buyers". Most of the time, buyers want to go with a supplier who can offer the best product at the cheapest price.
Answer:
The expected price after 3 years is $202584.38
Explanation:
Future Value = Cashflow * (1+i)^n
FV= 175000* (1.05)^3
FV = <u>$202584.38</u>
Answer:
<h3>Business refers to the organized efforts and activities of individuals to produce and sell goods and services for profit. </h3>
Explanation:
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