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Novay_Z [31]
2 years ago
15

Product differentiation refers to: consumers who sort and group goods based on similar characteristics. firms who offer similar

products to their competitors' products, but that are more attractive in some way. the process of informing the public of differences in products as a result of error. the process of creating a standardized product with a lower-cost method than the competitors' method.
Business
1 answer:
Luba_88 [7]2 years ago
3 0

Answer:

firms who offer similar products to their competitors' products, but that are more attractive in some way

Explanation:

Product differentiation is marketing strategy where a firm makes its different from that of its competitors in order to make the product more attractive to consumers

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Which type of shopping is characterized by activities oriented toward a specific, intended purchase or purchases?
IrinaVladis [17]

The type of shopping that is being identified above is acquisitional shopping because this is where consumers have the intention of visiting or going to the store to shop in a way that they would purchase products and acquire for services. It could be seen above as the shopping is characterized because of the consumers will of having to purchase a specific product.

5 0
3 years ago
A partner withdraws from a partnership by selling her interest to another person who currently is not associated with the firm.
spin [16.1K]

Answer: Option A

Explanation: The given case relates to the problem of dissolution of partnership and not the dissolution of firm.

In case of dissolution of partnership only the existing agreement among the partners ceases to exist due to leaving or joining of new partners and a new agreement takes place among the existing partners.

In such a case, the account balance of the partner remains same. It changes in case of dissolution of firm.

Hence the correct option is A.

3 0
2 years ago
Read 2 more answers
A business issued a 90-day, 15% note for $91,000 to a creditor on account. Journalize the entries to record (a) the issuance of
ladessa [460]

Answer and Explanation:

The journal entries are shown below;

a. Accounts Payable $91,000

          To Note Payable  $91,000

(being the issuance of the note payable is recorded0

b Note Payable $91,000

  Interest Expense $3,412.50   ($91,000 × 15% × 90 days ÷ 360 days)

                 To Cash $94,412.50

(Being the payment of the note is recorded)

These two entries should be recorded

4 0
2 years ago
Beech Company produces a single product. The company has 50,000 units in its beginning inventory. Beech's variable production co
sdas [7]

Answer:

Closing inventory = 54,000 units

Explanation:

<em>The difference between profit under variable costing and under absorption costing is simply the value of the change in inventory.</em>

<em>Usually, a decrease in inventory would cause profit under absorption costing to be lower . This is so because cost of goods sold would become higher leading to a lower profit</em>

Difference in profit = POAR × change inventory

POAR- fixed overhead cost per unit- $10,

Difference in profit - $120,000

let the change inventory be y

120,000 = 30 ×   y

y= 120,000/30

y = 4000 units

Inventory at the end = opening inventory  + change inventory

                               = 50,000 + 4000  

                               = 54,000 units

<em>Note; An increase in inventory will produce a higher profit using absorption costing. Hence, we added the change inventory to the opening inventory, to reflect an increase in inventory</em>

7 0
3 years ago
During the market testing stage of the new-product process, a product may be tested multiple times with consumers to get their r
Basile [38]

Answer:

Simulated test markets.

Explanation:

During the market testing stage of the new-product process, a product may be tested multiple times with consumers to get their reactions with test marketing, one type of which is known as simulated test markets.

A simulated test market can be defined as a marketing research technique that involves the exposure of consumers to an unreal market in order to observe their reactions to a new product. It involves advertising in stages through a simulated market so as to determine a customer's purchase decision, forecast demand and market analysis for a new product.

Hence, a simulated test market is aimed at observing and analyzing potential customer's reaction to a new product before it's introduced to the market.

4 0
3 years ago
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