Answer:
330,000
Explanation:
Selling price per unit as per static budget
=$615,000÷$20,500
=$30 per units
Actual sales volume =11,000 units
Sales Revenue as per flexible budget = Actual sales volume × Budgeted selling price per unit
=11,000×30
=330,000
Therefore the flexible budget for sales revenues will be 330,000
Answer:
because it shows how much actual cash a company has generated.
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Answer:
1. e. The Fed buys a security from a bank for $1,000.
In order to increase money supply, the Fed buys a security from the bank and gives them money.
2. d. The bank sets $100 aside as required reserves.
The bank will set aside 10% of the money paid by the Fed which comes to $100 leaving the bank with $900.
3. a. The bank lends $900 to a customer needing a loan.
The bank then lends this money to customer who needed it.
4. c. The customer spends the $900 at a store.
The customer then spends the money thereby transferring it to another party.
5. b. The store owner deposits the $900 in another bank.
The store owner then takes the money spent by the customer and deposits it in another bank. That bank then gives the Fed 10% and then the cycle repeats.
A concept test is an in-depth questionnaire filled out both by internal marketing personnel and external customers to ensure that the final product meets all the needs expressed in the original product plan is given below
Explanation:
1.Concept testing is validating your product concept with your target market prior to launch.
3 Steps To Build An Effective Concept Test
Step 1: Choose your test methodology. ...
Step 2: Design and field your study. ...
Step 3: Identify the most promising product concept.
2.Ways of measuring customer satisfaction include:
- Survey customers. ...
- Understand expectations. ...
- Find out where you are failing. ...
- Pinpoint specifics. ...
- Assess the competition. ...
- Try to measure the emotional aspect. ...
- Loyalty measurement. ...
- A series of attribute satisfaction measurement.
3.A company's success lies in its ability to offer products and services that fill customer demand. Measuring customer satisfaction helps you take stock of that demand, find out what your customers like, and maybe even discover what they don't like and what leads to dissatisfaction.
4.The 5 Biggest Challenges in Measuring Customer Satisfaction
- Reducing the financial impact of customer dissatisfaction. ...
- Controlling the cost of customer acquisition. ...
- Highlighting what is most attractive about your company's image. ...
- Reinforcing the relevance of your approach to continuous improvement. ...
- Improving the efficiency and the adequacy of your offerings.
5.A product concept is a detailed description of an idea, which you describe from the perspective of your customer. Taking your customers' viewpoint when describing your product concept will help you test and evaluate how responsive your market will be to your product.
6.The major purpose of concept testing is to evaluate the ideas in a better way. This is done to determine the buying intentions and attitudes of the customers towards the product. The main idea is to determine the initial reaction of the customers for the product idea.
