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snow_tiger [21]
3 years ago
10

Product innovation refers to efforts to create designs and applications of technology to develop new products, while __________

innovation refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.
A. radical
B. breakthrough
C. process
D. service
Business
1 answer:
Sedbober [7]3 years ago
7 0

Answer:C. process

Explanation:

A process innovation improve the efficiency of organization system such as manufacturing and operations. A radical innovation is a total replacement of an existing system , a breakthrough is a new discovery to manufacturing process , while a service innovation is related to the services industry and not manufacturing.

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What data are collected from consumers to develop a perceptual map for a particular product category?
olga2289 [7]

Answer:

Detail Answer is given below

Explanation:

A perceptual map is a graphic used by market researchers and companies to describe and understand how target customers see and feel about a particular brand or product.

Perceptual maps can also be called product positioning maps.

These useful graphics allow organizations to understand the competitive positioning of their brand or product. They also allow organizations to consider comparisons of attributes that are important to customers and identify open areas within their markets.

To obtain the data that is plotted on a perceptual map, surveys are distributed to potential clients and clients who ask them about their experience with a product. These surveys ask about the opinions of respondents about product performance, packaging, price, size and other variables.

Qualitative survey responses are then transferred to a perceptual map using a scale, such as the Likert Scale. The table analysis is used to inform the development and improvement of the product.

A usual perceptual map is a two-dimensional graph with a vertical axis (Y) and a horizontal axis (X). Respectively axis contains of a pair of opposite attributes at each end.

Format of Map

For example, if the purpose of the map is to investigate how consumers feel about breakfast cereals, the Y axis could have "a great taste" on one end and a "bad taste" on the other. The X axis could have "low nutritional value" at one end and "high nutritional value" at the other end.

Each cereal brand is drawn on the perceptual map based on how consumers perceive the brand's products in relation to those attributes.

For a perceptual map to be as useful as possible, the X and Y axes must measure the attributes that consumers really consider when making purchasing decisions in the real world.

Once again, the best way to begin to understand how customers and potential customers see products and brands in a market is to survey them.

5 0
3 years ago
Margin of Safety The Ira Company has sales of $800,000, and the break-even point in sales dollars is $664,000. Determine the Ira
attashe74 [19]

Answer:

17%

Explanation:

Margin of safety = (sales - sales at break-even point ) / sales × 100 = $ 800 000 - $ 664 000 / $ 800 000 × 100  = 17%

7 0
3 years ago
In the new department she is setting up, Shondra decides that top managers will report to her and that everyone else will report
Oksi-84 [34.3K]

Answer:

a) planning

Explanation:

Shondra performing the planning process of management functions. Planning means, first of all looking ahead and chalking out future courses of activity to be followed by each and every member of an organization as here Shondra is setting up a new department soon after she is chalking out future courses of duty of the manager and every member of the particular department which is very important for the smooth and effective running of an organisation.

5 0
3 years ago
A gift of money or goods from the groom or his kin to the bride's kin is referred to as:
Bond [772]
Bride wealth or bride price
6 0
3 years ago
Nelson Company experienced the following transactions during Year 1, its first year in operation.Issued $9,200 of common stock t
nikitadnepr [17]

Answer:

the net cash flow from operating activities for the year 1 is $1,100

Explanation:

The computation of the net cash flow from operating activities is shown below:

= Cash collection from account receivable - cash paid for the operating expenses

= $3,500 - $2,400

= $1,100

Hence, the net cash flow from operating activities for the year 1 is $1,100

We simply applied the above formula so that the correct value could come

And, the same is to be considered

4 0
3 years ago
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