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jarptica [38.1K]
3 years ago
7

How do companies research potential new markets? Choose a global company who has a record of successful new market entry and exp

lain why it has had this success, and consider also the reasons for any failures.
Business
1 answer:
Contact [7]3 years ago
8 0

Explanation:

Companies search for potential new markets by collecting consumer data to understand their opinions, wants and needs, and then being able to enter a new market with a safe and effective strategy to generate profits and successes. Data collection occurs in the form of primary and secondary research. The primary research takes place directly with the consumer, it can be carried out in the form of focus groups, which is a direct analysis of the market demand researched by the consumer.

As for secondary research, information is received through third parties, such as online sites, trade associations, etc., which give an idea of ​​market behavior.

IKEA in China is an example of a global company that entered a different market in the form of strategic adaptation to meet the needs of the Chinese, through ideas and concepts aimed at this public.

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Question 10 of 10
tatiyna

Answer:

D

Explanation:

Sales representative have to deal with alot of people socially and doesnt require to much skill

5 0
3 years ago
Read 2 more answers
To pay for college, Henry received the following: $1,000 scholarship from the Thespian Club to pay for books $4,000 scholarship
Alika [10]

Answer:

$5,000

Explanation:

Money received as scholarship and used to pay for tuition or related expenses is not included in the gross income. So the $1,000 scholarship from the Thespian Club and the $4,000 scholarship from the Elks Lodge are not taxable. The only taxable income that Henry earned is the $5,000 that he was paid for being a dorm supervisor.

6 0
3 years ago
The Fed wants to increase the money supply (which is currently $4,000) by $200. The money multiplier is 3, and people hold no ca
Greeley [361]

Fed can achieve its goals using the given tools as shown below.

<h3>What is money supply?</h3>
  • The money supply (or money stock) in macroeconomics refers to the entire volume of currency held by the public at a given point in time.
  • There are numerous definitions of "money," but common measures often include currency in circulation and demand deposits (depositors' easily accessible assets on financial institutions' accounts).
  • A country's central bank may utilize a definition of what constitutes legal money for its own reasons.
  • Money supply data is recorded and released, typically by a government agency or the country's central bank.
  • Changes in the money supply are monitored by public and private sector experts because it is believed that such changes affect the prices of securities, inflation, exchange rates, and the business cycle.

In the given situation, Fed can achieve its goals using the given tools:

  1. Change the reserve requirement - The Fed should lower the reserve requirement to 48 ± 1 percent.
  2. Change the discount rate - The Fed should lower the rate by 12.50 ± 0.01 percentage points.
  3. Use open market operations - The Fed should buy $125.00 ± 0.01 worth of bonds.

Therefore, Fed can achieve its goals using the given tools as shown.

Know more about money supply here:

brainly.com/question/3625390

#SPJ4

The complete question is given below:
The Fed wants to increase the money supply (which is currently $5,000) by $250. The money multiplier is 2, and people hold no cash. For each 1 percentage point, the discount rate falls, and banks borrow an additional $10. Explain how the Fed can achieve its goals using the following tools:

a. change the reserve req.

b. change the discount rate.

c. use open market operations.

5 0
2 years ago
Over the course of its history, Budwiser’s marketing responded to major regulatory and cultural changes, such as Prohibition and
sammy [17]

Answer: Answers to both questions follow in the explanation below.

Explanation: One issue the marketing managers can look at can be abuse of alcohol or underage drinking on university or college campuses.

To address this issue the manager's can respond by introducing low - alcoholic or non -alcoholic alternatives. This can reduce the alcohol consumption by students when they're at social events or even be offered to students who are designated drivers. To further mitigate this issue the managers can advertise responsible drinking by placing them at the bottom of advertisements.

7 0
3 years ago
What is the nash equilibrium for this​ game?
NeTakaya
<span>The  nash</span> equilibrium would be A. <span> bp and the mini-mart will both not advertise.
The nash equilibrium happens when all of the competitors choose the decision that give the optimal outcome for both of them.
If Bp and mini-mart both choose not to advertise they both will have a similar profit.</span>
4 0
3 years ago
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