1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mamaluj [8]
3 years ago
15

What experiments could you preform to validate if an idea you have is in fact a need that a customer has?

Business
1 answer:
Sonja [21]3 years ago
8 0

Answer:

Making inquiry and research

Explanation:

When one is faced with the need to validate if an idea is the need of the customer, an inquiry and research should be made.

Meeting the need of the customers the the goal of all businesses so as to generate more revenue. This is the reason why most companies invest heavily on Research and Development.

There is need to research into the needs of the customers and the best means of meeting those needs.

Also, one can also study the industry as a whole to deduce how other firms are satisfying the needs of the customers.

You might be interested in
Amy sets herself a goal and says. "I'd like to lose 10 pounds." Which of the following criteria of the SMART system is missing i
Svetllana [295]

Answer:

Letter b is correct. <u>Time frame.</u>

Explanation:

The SMART system is defined as an aid tool for achieving goals. It is a tool that can be used both by an individual and in corporations.

In order to achieve a goal, it is necessary to have the ideal planning of the set of actions that will contribute to the achievement.

Therefore, each letter of the word SMART corresponds to a meaning relevant to the effective implementation and achievement of a goal

S: specific. When drawing up a goal you must be direct and specific.

M: Measurable. To achieve goals, it is necessary to use a tangible indicator that assists the measurement.

A: Achievable. A goal must be planned according to the real possibility of being achieved.

R: Relevant. Goals must be relevant and create positive results for a person or organization.

T: Time. It is necessary to determine a time for the goal to be achieved.  In the question above, Amy lacked the planning for the deadline for achieving the goal, because without it there are great chances that the goal will not be taken seriously and not met.

5 0
3 years ago
You are an international shrimp trader. A food producer in the Czech Republic offers to pay you 2.2 million Czech koruna today i
fredd [130]

Answer: The value of this exchange is $8,816.05.

Explanation:

The problem is dealing with a simple case of arbitrage of exchange rates: Lets assume that

k = koruna

b = baht

Step 1:

Sales Revenue = k2,200,000

(To get USD amount : \frac{2,200,000}{25.36}=$86,750.7886

Purchase Cost = b3,200,000

(To get USD amount : \frac{3,200,000}{41.06}=$77,934.7297

Step 2:

Profit = Sales Revenue - Purchase cost

         = $86,750.7886 - $77,934.7297

         = $8,816.0589

The value of this exchange is $8,816.05.

4 0
4 years ago
What percentage of gross income is withheld as an employee's contribution to medicare?
pychu [463]
I think the answer is 1.45%
7 0
3 years ago
True or False : When using list pricing , list the priciest items first
andrey2020 [161]

Answer:

true

Explanation:

items first before listing the price

3 0
3 years ago
Daniel watched the 95-year-old actor Kirk Douglas present the Oscar for Best Supporting Actress in 2011. Daniel became frustrate
8_murik_8 [283]

Answer:

daniel should have focused on the message and not on the way it was delivered.

Explanation:

If Daniel had focused more on getting the message that was being passed by Kirk Douglas, he would have enjoyed the show more.

But in this case he was more focused on how Kirk Douglas was not accurately forming his words. The more he listened the more frustrated he became.

5 0
3 years ago
Other questions:
  • The _____ is an international cooperative of 188 member countries, working together to reduce poverty in the developing world.
    12·1 answer
  • Dinero bank offers you a five-year loan for $58,000 at an annual interest rate of 6.25 percent. what will your annual loan payme
    9·1 answer
  • In some countries, a high premium is placed upon foreigners and foreign items, as they are associated with sophistication –Belgi
    12·1 answer
  • All of the following qualitative considerations may impact upon capital investment analysis except a.market opportunities b.manu
    6·1 answer
  • Determining opportunity cost juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. three stores
    14·1 answer
  • In response to rapidly rising property taxes, California voters approved a statewide ballot initiative, Proposition 13, which fr
    10·1 answer
  • Hunter's Hut is considering a project that will require additional inventory of $48,000 and will increase accounts payable by $2
    15·1 answer
  • ou invest $1,000 in stocks. Would a macroeconomist call this an investment? Why or why not? An economist would say no, because y
    8·1 answer
  • Incidental costs incurred in the purchase of land that are charged to Land Improvements will affect net income at some future ti
    12·1 answer
  • How can a court determine when a particular nickname for a branded product has entered into common use?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!