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stepladder [879]
3 years ago
7

A company can test market a product in order to evaluate decisions about e.g, pricing and advertising. In order get reliable inf

ormation, the test market study should be conducted in a city ____________________________.
Business
2 answers:
Nimfa-mama [501]3 years ago
4 0

Options:

Where the are only local retail chains

with limited to no competition

where the demographics of the population is representative of the overall US population

consumers are used to test market studies

that has media spillover from other cities to increase media alternatives

Answer:Where the demographics of the population is representative of the overall US population.

Explanation: Test marketing is the process adopted by marketers in order to evaluate the general acceptability levels of a product, it helps marketers and product development officers to understand the various product parameters such as pricing, advertising etc.

TEST MARKETING SHOULD BE DONE WITH A SAMPLE POPULATION WHICH REPRESENTS THE DEMOGRAPHICS OF THE TARGET MARKET WHICH CAN BE THE UNITES STATES OF AMERICA IR ANY OTHER COUNTRY.

Olegator [25]3 years ago
4 0

Answer:

The test market study should be conducted in a city "where the demographics of the population is representative of the overall US population". This is a typical market condition, because of the high number of population involved.

Explanation: Test marketing a product is the process of evaluating the market price and acceptability of a product. This is mostly done in a city with an expected market environment which has a high population for the product. This product is taken to the market, and observe how consumers sees the product, and what price should be fixed for the product to be marketable.

In test marketing a product, the typical market for such product should be choosed, so that a better evaluation can be achieved. For example when you want to test market a cosmetic product, it won't be a better idea to take it to a zoo or a place where native condiments are sold, with a low number of population, because any evaluation gotten from such place may not give the product a better decision.

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snow_lady [41]

Answer:very true

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3 years ago
Suppose students like to eat pepperoni pizza, bean and rice burritos, and hamburgers (made from beef) from the food establishmen
Blababa [14]

Answer:

  • <u><em>c. The price of cheese increases</em></u>

Explanation:

Since the resources (money) are limited, the students have to choose among the three options they like to eat from the <em>food establishments on campus.</em>

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<em />

Reasonably, they will choose to eat the food that optimizes the use of their money, i.e. they search to optimize the utility they receive.

Since cheese is a fundamental ingredient of pizza, <em>if the price of cheese increases</em>, the price of pepperoni pizza shall increase.

Thus, students will swift from eating pepperoni pizza to eating more food from the other establishments on campus, including hamburguers (made from beef).

Therefore, <em>if the price of cheese increases, most likely the quantity of hamburgers sold will increase.</em>

8 0
3 years ago
On January 10, 2017, a man in Lebanon, Virginia, frustrated with the DMV bureaucracy, paid his DMV bill with 300,000 pennies tha
Zepler [3.9K]

Answer:

a. The initial change in the money supply would be $0

b. The initial change in deposits would be $3,000.

c. Total reserves will also increase by $3,000.

d. The excess reserves is $2,820.

e. Cumulative change = $47,009

Explanation:

(a)  Currency in circulation and bank deposits are both parts of the money supply.

So, when a man paid DMV with 300,000 pennies or $3,000 which DMV deposited into its account then in that case currency in circulation decreased by $3,000 and bank deposits increase by $3,000.

Since one component of the money supply is increasing while other is decreasing and that also by the same amount there will be no change in the money supply.

So,  the initial change in the money supply would be $0

(b)  DMV has deposited $3,000 into its bank account.

So,

Deposits will increase by $3,000.

Thus,

The initial change in deposits would be $3,000.

(c) Total reserves increases in the equal amount of the increase in deposits.

Deposits have increased by $3,000.

So,

Total reserves will also increase by $3,000.

Thus,

The initial change in total reserves would be $3,000.

(d)  New deposit created = $3,000

Reserve requirement = 6 percent

Required reserves created = $3,000 * 0.06 = $180

Excess reserves = New deposit - Required reserves = $3,000 - $180 = $2,820

The excess reserves is $2,820.

(e)  Reserve requirement = 6% or 0.06

Money multiplier = 1/Reserve requirement = 1/0.06 = 16.67

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Cumulative change = Excess reserves * Money multiplier

Cumulative change = $2,820 * 16.67 = $47,009

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Fiedler's is popularly known for his contingency theory. This theory helps to understand why managers can behave so differently.

The contingency theory states that there no one single leadership style often works for all employees.

He stated also that there are situational-contingent elements that influences a leader's ability to lead.

Learn more about Fiedler's contingency theory from

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