One of the potential benefits to a firm of introducing new-to-the-world products or services is cost savings.
<h3>What is cost savings?</h3>
Cost savings are benefit that are derived from a production process.
They are generated from actions that reduce the overall spending on production or assets.
This has a positive impact on the company's account.
A new products is likely to run on a low budget compares other products with many competitors.
Therefore, One of the potential benefits to a firm of introducing new-to-the-world products or services is cost savings.
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Answer:
e.
Explanation:
One of the goals of value-based marketing is to offer greater value than competitors offer. Therefore you are advertising to customers the value that your company/product can provide that the competitors cannot. Therefore attracting customers towards your product and in term increasing both sales and profit for your company.
Answer: Time period assumption.
Explanation:
The time period assumption is an accounting standard that enables businesses to record their financial activities for a given time frame ( it could be a measure of either yearly, half yearly, monthly, weekly or daily financial activities).
