How could consumers attitudes and preferences been taken into account to make the failed product product more successful?

1 answer:

6 0

The consumers feedback is the most important part of your products success or failure. There feedback/preferences can help you make your product better. For example if they say something bad about your product you can fix that problem so no one else complains about it.

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You and other college students are deciding whether to major in music or engineering. You learn that there is a shortage of engi

zloy xaker [14]

The correct answer would be option D, Markets tend to move towards equilibrium as individuals respond to incentives.

As a result, you and many other college students decide to major in engineering. This illustrates the principle of Equilibrium as individuals respond to incentives.

Explanation:

When supply and demand in an economy balances in the market keeping all other factors constant, then this situation is called as Market Equilibrium. With the change in these factors of the economy, the market equilibrium also changes, and there might be no equilibrium depending upon them at some point of time.

So when students see that there is a demand of engineering in the economy and music graduates are having difficulty in getting jobs due to more supply of music graduates, students move towards the engineering field in order to achieve the market equilibrium as they want to get jobs as an incentive.

Learn more about Market Equilibrium at:

brainly.com/question/91783

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4 years ago

A company wants to use data from past promotional mailings to identify people who would likely respond favorably to future maili

irga5000 [103]

Answer: Data mining

Explanation:

Data mining is seeking for valid, hidden and likely useful patterns in large data sets. It is about finding previously unknown relationships that exist amongst the data.

Data mining also known as knowledge discovery, information harvesting or knowledge extraction is a multi-disciplinary competence that uses statistics, machine learning, artificial intelligence and database technology. The information gotten from data mining are used for marketing, detection of fraud, and scientific discovery.

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3 years ago

What is the type of pricing determined largely by what other companies in your industry are charging?

labwork [276]

I got B as the answer

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4 years ago

What are some traditional banking benefits??

musickatia [10]

You have a secure place to keep your money

You can earn interest

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3 years ago

Decision making in the international environment is __________ it is in a purely domestic environment. Group of answer choices l

Schach [20]

Decision making in the international environment is more complex than it is in a purely domestic environment.

<u>Explanation:</u>

A decision making is considered as a process that not only involves of making different choices out of the various alternatives available but also involves the step of identifying such alternatives and assessing them in a proper way. While making various decision is foreign environment, it is considered as a complex process.

Thus, out of the given options, the correct option is – more complex than.

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4 years ago