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3 years ago

Drag each example to the corresponding step in the new-product development process.

Business

1 answer:

bulgar [2K]3 years ago

6 0

Answer:

1. Idea Generation ⇒ C. Brainstorm

Brainstorming is a process used to generate a large number of ideas where participating members contribute with any ideas that they can come up with.

2. Concept Testing ⇒ B. Big box

3. Product Development ⇒ D. Prototypes

When a company is developing a product, the firs thing that they will come up with is a prototype of the product.

4. Market Testing ⇒ A. Samples

Free samples are important when you are testing a new product, e.g. handing out free samples

5. Product Launch ⇒ F. Presentation

The formal presentation of a product takes place when the product is launched into the market.

6. Evaluation of Results ⇒ E. Strong sales

The way that a company can evaluate if a product was accepted or not by the market is to see their sales records, if sales are strong, then the product was accepted.

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the flu trends model was based on: group of answer choices correlation causation average absolute deviation none of the above

mote1985 [20]

None of the above. The Flu Trends model was based on Goo-gle search data.

<h3>Goo-gle Flu Trends and the Power of Big Data</h3>

In 2009, Goo-gle launched a new service called Goo-gle Flu Trends. The service used data from Goo-gle searches to estimate the level of flu activity in different areas of the United States. The results were pretty accurate - in some cases, Goo-gle Flu Trends was able to detect flu outbreaks before government health agencies did.

Goo-gle Flu Trends was a great example of the power of big data. By analyzing a large dataset, Goo-gle was able to find patterns that would have been otherwise undetectable. And because Goo-gle has so much data, its findings were often more accurate than those of government health agencies.

Unfortunately, Goo-gle Flu Trends was discontinued in 2015. But its legacy lives on - other companies are now using big data to detect disease outbreaks, and the field of data science is only getting more important.

Learn more about trends models:

brainly.com/question/15552860

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7 0

1 year ago

Determine the market potential for a product that has 20 million prospective buyers who purchase an average of 2 per year and pr

Gnoma [55]

4,000,000 units should be sold a company

<u>Explanation:</u>

<u>Calculating the sales in units:</u>

It has been given that the toal market demand is $20 million, average quantity purchased by buyer per year is 2 units, price average is $50, and the desired share of the market is 10%.

$Q=n * q * p$

Where:

Q = Total market demand,

N = number of buyers in the market, q = average quantity purchased by the buyer per year,

P = price of average unit

$$\mathrm{Q}=20,000,000$ buyers $* 2$ per unit per buyer $* \$ 50$ per unit$

= $2,000,000,000

Market share = $(20,000,000 \text { buyers } * 2 \text { units per buyer }) * 0.1$

= 4,000,000 units

Hence, the company should sell 4 million units to achieve 10 percent market share.

6 0

3 years ago

As Quentin checks out of a hotel, he recalls the expectations of quality and service he had upon arriving at the hotel and reali

Soloha48 [4]

Answer:

Experiential

Explanation:

Experiential is the term which is defined as something experiential and it comes from the real world or from experience. It is the procedure of learning through a experience, which is particularly stated as learning by reflection on doing.

So, in this case, the Quentin checks into a hotel, where on arriving he realizes that grounded on expectations, he is not thrilled with the experience. Therefore, this kind of purchase is defined as experiential.

3 0

3 years ago

A firm that uses ___________ segmentation divides a market into groups based on life stage, race, or profession.

Triss [41]

Answer:

Demographic

Explanation:

Demographic segmentation is often used in marketing to group customers according to demographic factors. The demographic factors include- age, gender, occupation, race, religion and income.

Other forms of segmentation includes :

1. Behavioural segmentation

2. Geographic segmentation

3. Psychographic segmentation

I hope my answer helps you

7 0

3 years ago

nine years ago a stock paid a $1.35 dividend since then it has split 3-for-1 two times. the current dividend is 0.15 if you have

krek1111 [17]

Answer: Price is $1

Explanation:

we can use the perpetuity formula to calculate the present value of a share, the present value of share represents the maximum amount that an investor would be willing to pay for a share

Dividends = 0.15 cents

required rate of return = 15%

Present value = 0.15 cents/0.15 = 1

Price =$1

5 0

3 years ago