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Kamila [148]
3 years ago
7

Your division has been asked to compile a recommendation for the price point for an innovative software application. You need to

know how much customers will be willing to pay and under what circumstances. Conduct a scientific experiment. Access traditional sources and electronic sources. Conduct primary research for firsthand information. Routine tasks often require informal research methods.
Business
1 answer:
siniylev [52]3 years ago
4 0

Answer:

:Conduct a Scientific experiment

Explanation:

From the question, we are given an instance, whereby Your division has been asked to compile a recommendation for the price point for an innovative software application. You need to know how much customers will be willing to pay and under what circumstances. In this case you need to

Conduct a scientific experiment. An experiment can be regarded as

a procedure that is been carried out so that an hypothesis can be validated or refuted. It gives an insight about cause-and-effect so that the outcomes can be known if some of the favors in the experiment is manipulated.

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What is the value today of receiving $5,000 at the end of six years, assuming an interest rate of 8% compounded semiannually?
Ulleksa [173]

Answer:

$3,122.96

Explanation:

Future value = 5000

i = 8%

n = 6

m = 2

Present Value = FV(1+i/m)^mn

Present Value = 5,000(1+0.08/2)^-2*6

Present Value = 5,000(1.04)^-12

Present Value = 5,000 / (1.04)^12

Present Value = 5,000 / 1.6010322

Present Value = 3122.985284118583

Present Value = $3,122.96

6 0
3 years ago
A company purchased an asset for $3,600,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The d
suter [353]

Answer:

$266,760

Explanation:

According to the problem, calculation of the given data are as follows,

Purchase value =  $3,600,000

Depreciation for 1st year = 33.33%

Depreciation for 2nd year = 44.85%

Depreciation for 3rd year = 14.81%

So,  Book value = Purchase value × ( 1 - depreciation of all years)

By putting the value we get,

Book Value = $3,600,000 × ( 1 - 33.33% - 44.45% - 14.81% )

= $266,760

6 0
3 years ago
Customers in the segment must react similarly and positively to the firm's offering. This quality is known as ______, which is a
vlabodo [156]

Answer:

Responsiveness

Explanation:

Market segmentationnis the process by which a company groups consumers on the basis of a shared characteristic which can be income status, education, age, location, race,and so on.

For segmentation to be successful the segment must be measureable, profitable, accessible, and market responsive.

Responsiveness is the level of adoption of the product by the target segment. If the segment is not responsive then that aim of the business is defeated. Consumer decision to purchase is key to product success.

4 0
4 years ago
An industrial manufacturer that works with one or a few large clients and develops products that only these clients will use is
Kaylis [27]

Answer: Custom marketing

Explanation: A custom marketing strategy will most likely be employed by an industrial manufacturer that works with one or a few large clients and develops products that only these clients will use. Marketing creates, communicates, and delivers value, and it involves the management of customer relationships. A custom marketing strategy is one in which a manufacturer customizes and develops products that are unique to the needs of his customers and thus is an essential strategy for delivering a personalized customer experience to each segment of clients, thereby increasing loyalty and customer satisfaction.

5 0
4 years ago
Looking for cost savings in administrative areas, the vice-president for human resources at McMahon Corporation asked his assist
givi [52]

Answer:

McMahon Corporation

Partial productivity measures for labor for the four locations:

                               Mobile     Pecos     Spokane     Lansing

Labor productivity   3.26         3.93          3.29           2.48

(meals per labor

hour)

Explanation:

a) Data and Calculations:

                               Mobile     Pecos     Spokane     Lansing   Total

Meals served        114,000   216,000     74,000       13,500   417,500

Labor-hours          35,000    55,000     22,500        5,250    117,750

Labor productivity  3.26         3.93            3.29           2.48      3.55

b) Labor productivity is computed as total output divided by labor-hours (labor input).  It is the manpower or workforce productivity.  It is one of the productivity measures with capital as the other measure.

3 0
3 years ago
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