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2 years ago

In what sense is test marketing a special type of experiment? What are its main objectives?

1 answer:

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The objective of test marketing is to find the limitations and strengths of the product based on customers' reactions. It also helps us to structure the marketing strategy of that product. A test marketing campaign aims to predict the revenue model (sales, profit, pricing).

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Kamal, after completing his studies wanted to start his own business. However, his father Mr.Kishanlal discouraged him saying th

Maksim231197 [3]

Answer:

No, Kamal's father, Mr.Kishanlal is not justified in his point of view because although it is true that money is needed to start a new business but money is not that much necessary as many other things. To start a new business and make it a success, passion, new idea and determination is much needed. If you are passionate to start something new and provide people value then it will be very easy to become successful. You should have a new idea to start a business. You should provide people with ease with the help of your new idea and new product or service. People will definitely but your products and services if it is something of value. You should have an urge to be determinant. There are many entrepreneurs, who have not much money when they started a business, but with their passion and handwork they became successful i,e, Jeff Bozos, Bill Gates, Steve Jobs etc.

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3 years ago

On August 1, Red Company purchased computer equipment for $10,000 cash and also gave 100 shares of White common stock that Red C

hodyreva [135]

Answer:

Explanation:

A capitalized cost of an asset is made up of

1 . Purchase price import duties and non refundable taxes less trade discount and rebate

2. Direct cost of bringing the asset to its present position

3. Fair value given in exchange for the the assets

Cost of Computer

Purchase Price - $10,000

Fair value of White common stock - $4,200

Installation cost - $ 700

Shipping cost - $ 500

Total Cost - $15,400

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3 years ago

Risk is a necessary ‘evil’ evil’, support this assessment and give advice risk

butalik [34]

For a high-risk investment, managers require a high reward.

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3 years ago

One of the best ways to avoid disasters at a catering event is to

evablogger [386]

Option A.

The best way to avoid disasters at a catering event is to prepare backup food.

Always we should have a backup option so that in case, any mishappening or disaster hapens, the guest can be served something and they won't have a bad experience m

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3 years ago

Read 2 more answers

Bismark Inc, a large manufacturer of heavy equipment components, has determined the following activity cost pools and cost drive

Westkost [7]

Answer:

Results are below.

Explanation:

First, we need to calculate the activities rates:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine Setup= 600,000 / 15,000= $40 per setup hour

Material handling= 90,000 / 3,000= $30 per ton of material

Machine operation= 420,000 / 12,000= $35 per machine hour

Now, we can allocate costs to each product:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Camshafts:

Machine Setup= 40*5= $200

Material handling= 30*10= $300

Machine operation= 35*4= $140

Total allocated costs= $640

Swing Drives:

Machine Setup= 40*8= $320

Material handling= 30*7= $210

Machine operation= 35*5= $175

Total allocated costs= $705

Finally, the unitary cost:

Camshafts:

Total cost= 40,000 + 7,000 + 640= $47,640

Unitary cost= 47,640 / 1,500= $31.76

Swing Drives:

Total cost= 30,000 + 12,000 + 705= $42,705

Unitary cost= 42,705 / 900= $47.45

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3 years ago