Answer:
The correct option is;
B. Performing a premarket test before venturing into full-scale production
Explanation:
Market testing is the process of appraising the different scenarios and arrangements that can be encountered and the selection of the most appropriate arrangement that is most favorable for expansion
Market testing involves trials made to answer the following questions;
The level of demand for the marketed product
The customers demanding the product, and customer opinion about the product, compared to those of the competitor
The expected level of sales
The best form of advertising
The legal requirements
The competitors in the market
Other market reactions to product launch
Answer:
The correct answer is D. does not increase the amount of the product that consumers buy because it creates a shortage.
Explanation:
If a market is defined by the following demand and supply functions. The balance or price that reflects the coincidence in valuation of the good of consumers and producers, would occur at the intersection between both functions.
When the State intends to supplant market activity in the allocation of goods and services, it can do so through a policy of maximum and minimum prices.
If it is considered appropriate that a given price is less accessible than what would take place in the market, it will establish a maximum price, above which no company can sell. When this occurs, we can graphically appreciate how at that price the quantity demanded is greater than that offered, thus generating an excess of demand that leads to the shortage of the good. In this context, some mechanism will be developed that allows rationing the offer (long lines, different criteria such as age, economic level, etc.) This being, land paid for the appearance of the “black market”.
Another type of price control is the establishment of a minimum price. This system has been used frequently in agricultural markets, when the State has sought to prevent farmers' income from drastically reducing.
When a minimum price is established higher than what would take place in the market, the quantity offered exceeds the defendant, thus producing an excess supply. This excess supply will lead to an accumulation of production that will generate great inefficiency.
Even though I didn't see the video mentioned in the question, banks make most of their money through banking fees and investments.
The implications of using criteria, such as baldrige, in assessing organizational culture needs to:
-Identify successes and opportunities of organization for improvement.
-Jump and start a new change initiative
-Energize the improvement initiatives
-Energize the workforce by motivating.
-Focus whole organization on common goals
-Assess the performance against the competition
-Align resources with some strategic objectives
Baldrige self-assessment helps organizations to assess whether they are developing and deploying a good, balanced and systematic approach for running the organization.
No matter the organization is large or small, and no matter your industry or sector, you can use the Baldrige Criteria to conduct a self-assessment of the organization.
It provides the best way to evaluate how well your organization is meeting its goals and objectives. Organizations use it to evaluate their processes and their impact on results.
To know more about Baldrige criteria here:
brainly.com/question/27960097
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