3 years ago

Marketing research is the process of defining a marketing problem and opportunity. True or False

Business

1 answer:

maxonik [38]3 years ago

3 0

Answer:

TRUE

Explanation:

Market research is the process of defining a marketing problem and opportunity by systematically collecting and analyzing data received, and then giving recommended actions. It involves gathering data about the target market needs, and analyzing such data to determine the need of the target market. It is a process that involve evaluating the possibilities of a new product success through research.

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Both seashells and corn have been used as money in the past. Which do you think is a better choice? Explain your answer by refer

Katarina [22]

Answer:

Seashells were better than corn.

Explanation:

I think shells were the better choice. They were also used as ornaments. The shells were very easy to use and durable. Payments were made using shells. The shells are considered as the oldest form of currency and they originated in ancient China.

It helped in a growing trade. Shells were the part of commodity money.Sea shells were used as a whole or partial. Shells were used either in the shape of beads or artificially shaped.

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Wewaii [24]

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Explanation:

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2 years ago

A friend offers you a ticket to a Chicago Cubs baseball game for $40. You know you can sell the ticket to another friend for $50

olganol [36]

Answer:

$50

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If I decide to go to the game, I forgot the opportunity of selling the ticket for $50 which is the next best use of the ticket.

I hope my answer helps you

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3 years ago

Safeway, publix, and other supermarket chains offers all types of foodstuffs as well as a variety of nontraditional goods and se

Vikki [24]

Diversifying. It is so that they can tap into other markets.

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3 years ago

The Freed Corporation produces three products, X, Y, Z, from a single raw material input. Product Y can be sold at the split-off

dexar [7]

Answer:

Increase in income= (68,000 - 16,000) - 50,000= 2,000

New income= 68,000 - 16,000= 52,000

Explanation:

Giving the following information:

Product Y can be sold at the split-off point for total annual revenues of $50,000, or it can be processed further at a total annual cost of $16,000 and then sold for $68,000.

Increase in income= (68,000 - 16,000) - 50,000= 2,000

New income= 68,000 - 16,000= 52,000

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3 years ago