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3 years ago

Explain two reasons why accurate market research information is important

Business

1 answer:

Sergeeva-Olga [200]3 years ago

4 0

Answer:

Form partnerships with other businesses. Learning about who your customers are, such as their demographics, can help you find other small businesses that serve them. You can approach these businesses for joint promotions that'll be mutually beneficial.

Create profitable order upgrades. Knowing the other products and services that your customers tend to buy can help you come up with add-ons, product bundles, and up-sells that increase the average value of each order.

Explanation:

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People's Clinic purchased a special machine for use in its laboratory on January 2, 2016. The machine cost $100,000 and was expe

klemol [59]

Answer:

Depreciation Expense for 2018; $10,528.57

Explanation:

On January 2, 2016

machine cost = $100,000

Useful life = 10 years

Annual depreciation = ($100,000 - $6000)/10

= $9,400

By early 2018,

Carrying amount of the machine

= $100,000 - 2($9,400)

= $100,000 - $18,800

= $81,200

Useful life is reassessed to 7 years (rather than 8) with a salvage value of $7,500

Annual Depreciation = ($81,200 - $7,500)/7

= $73,700/7

= $10,528.57

Depreciation Expense for 2018; $10,528.57

6 0

4 years ago

Budgeted sales are expected to be: January 200 Units February 300 Units March 400 Units April 300 Units May 400 Units Selling Pr

erik [133]

Answer:

Sales Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Selling Price $10 $10 $10 $10

Budgeted Sales $2,000 $3,000 $4,000 $9,000

Production Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Budgeted Production Units 200 300 400 300

Explanation:

Sales Budget shows a forecast of the future sales revenues expected by the Company.It is the first budget to be prepared from which all other companies budget are created.

Sales Budget for January, February, March and April

January February March April

Budgeted Sales Units 200 300 400 300

Selling Price $10 $10 $10 $10

Budgeted Sales $2,000 $3,000 $4,000 $9,000

Production Budget for January, February, March and April

Hint : Since there are no targets for beginning or closing inventories, then Sales are equal to production.

January February March April

Budgeted Sales Units 200 300 400 300

Budgeted Production Units 200 300 400 300

4 0

4 years ago

Who is responsible for safe handling of the animal product once they get it home?

zheka24 [161]

Answer:

I believe it's C. Consumer

Explanation:

8 0

3 years ago

Prices are rising (inflation) but wages have stayed the same. This makes it difficult for people to afford products they need.

dsp73

Answer:

Its up to the government

Explanation:

We cant do things for them but we can make them consider what we could do

7 0

2 years ago

Read 2 more answers

Minerals are structurally simple, inorganic substances that exist as groups of one or more of the same atoms. In chemistry, what

olga_2 [115]

Answer:

The substance does not contain carbon .

Explanation:

Usually, an inorganic substance is a type of chemical substance that loses bonds with carbon-hydrogen, that is, a product that is not biological.

The difference, though, is not defined and accepted, and experts have varying views on the matter.

An inorganic compound, any material which generally combines two or more chemical compounds other than carbon, almost always in clear and obvious percentages.

5 0

3 years ago

Read 2 more answers