Explanation:
Through our work with companies across different industries, we found about 10 to 20 percent of the new product and services succeed that is by our definitions they remain in the market generating profit to the company.
<u>There are ten reasons why a new product fails:
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- Marketers assess the market climate inadequately
- The wrong group was targeted
- A weak positioning strategy was used
- A less than the optimal configuration of attributes and benefits were selected
- A questionable pricing strategy was implemented
- The ad campaign generated
- Cannibalization depressed corporate profits
- Over-optimization about the marketing plan
- Poor implementation of the marketing plan
- The product pronounced dead and buried too soon.
Answer:
The correct answer is option a.
Explanation:
Accounting profit is the difference between total revenue earned and total explicit costs incurred in the process of production. Explicit cost is the direct cost involved in the production process.
The economic profit is the difference between the total revenue earned and the total explicit as well as the implicit cost incurred. The implicit costs are the indirect cost or opportunity cost of production.
Since accounting profit does not take into account implicit costs, it is greater than economic profit.
Answer:
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Explanation:
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Keynesians agree with the above statement, but monetarists do not.
Answer: Option D
<u>Explanation:</u>
Monetary policy is nothing but a policy followed by the central bank or any other banking agencies' authorities. As they can include control of money supply and interest rate that in turn helps the government to create growth in economic.
Keynesians also believe in the fact money supply has some relation with the growth f the country’s economy. They literally don’t mind about the rate of interest and the time provided to it. But Monetarists strongly believe in controlling the money in the economy.