Market research helps business understand the variables in a given market. Once the variables are understood the business can decide if and how it should enter the market. Examples could include the number and types of customers as well as competitors.
<span>Ball bearings can face both fixed and variable costs of production. If we take a look at the fixed costs these would be: the cost of the factory, the cost of the machine, the maintenance of the machine which are needed to create the ball bearings etc. The variable costs are: the wages of the employee, the cost of the raw materials, and utilities required to create the ball bearings.</span>
<span>Before entering the next project, a review must be in place to capture lessons that have been learned from the recent project. Management requires this to maintain quality output and further improve. A project profile is also done to document all that has transpired including costs, contracts, and customer feedbacks.
Source: Project Management for Instructional Designers</span>
Answer:
The answer is: False
Explanation:
a product can sell if the price is higher or lower than its perceived value, take a market crash for example, many stocks are priced lower than its perceived value but some investors still buy it, or overpriced stocks, people that believe the stock will continue to go up would most likely buy it.
<h2>
Answer:</h2>
x = (log₅7) - 8
<h2>
Explanation:</h2>
<em>Given;</em>
= 7
<em>Take log of both sides;</em>
log₁₀() = log₁₀7 -------------(ii)
<em>From the laws of logarithm remember that;</em>
logₐ xⁿ = n logₐ x
<em>Equation (ii) can then be written as;</em>
(x + 8)log₁₀5 = log₁₀7
<em>Divide both sides by log₁₀5</em>
(x + 8) = 
-----------(iii)
<em>From the laws of logarithm, remember that;</em>
<em>Equation (iii) can thus be written as;</em>
(x + 8) = log₅7
x + 8 = log₅7
<em>Make x subject of the formula;</em>
x = (log₅7) - 8
