A common practice among marketers is to identify and develop new markets for their existing products. This practice is called ________.



A) market development
B) product development
C) market penetration
D) market skimming
E) dual adaptation

Answers

Answer 1

A common practice among marketers to identify and develop new markets for their existing products is called market development.

Market development refers to the strategic expansion of a company's customer base by finding and entering new markets or market segments with existing products.

Marketers engage in market development to drive business growth and increase sales by reaching untapped or underserved customer segments. This strategy involves conducting market research to identify potential markets, understanding consumer needs and preferences in those markets, and tailoring marketing efforts to effectively target and attract customers in those segments.

Market development can involve geographical expansion into new regions or countries, targeting new demographic or psychographic segments, or identifying new uses or applications for existing products. It may involve adjusting marketing strategies, distribution channels, pricing, or promotional activities to align with the characteristics and demands of the new market.

By implementing market development strategies, companies aim to leverage their existing product offerings and capitalize on growth opportunities in new markets, ultimately expanding their customer base and increasing revenue.

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Related Questions

a blank is a path of connected jobs that all work together to help you develop your skills and experience in one particular area

a. life choice
b. career
c. plan
d. specialty

Answers

The answer is A. Life choice

Answer:

A life choice

why in life choice you have to get your choice because life is yours

On March 25, 2014, Patton Company sold merchandise on account,$10,000. The applicable sales tax percentage is 8.5%. Record the transaction.

Answers

Answer:

Kindly see attached picture

Explanation:

Sales tax percentage= 8.5%

Sales = 10,000

Sales tax payable = 0.085 × 10000 = 850

Accounts payable = 10000 + 850 = 10850

Kindly see attached picture for journal entry

On March 25, 2014, Patton Company sold merchandise on account,$10,000. The applicable sales tax percentage

According to the video, which qualities do Insurance Underwriters need? Check all that apply.

communication skills
customer service skills
computer skills
knowledge of sales strategies
an outgoing attitude
a background in finance

Answers

Answer:

The correct answers are (A) (C) (F)

Explanation:

Hope this helps ya'll :)

A communication skills, C computer skills, F a background in finance

Explanation:

Which of the following are steps in the Incident Reporting Process? (select all that apply)

review by management

develop changes in care

enact changes in care

record the incident

Answers

Answer:

review by management

develop changes in care

enact changes in care

record the incident

Review by management, develop changes in care, enact changes in care, record the incident are the following steps in the Incident Reporting Process.

What is Process?

A process is a set of decisions and actions used to carry out work. Although we may not be aware of them, processes are present in every sphere of our lives, including work and leisure.

Employees who get sick or hurt at work are given the treatment and help they require thanks to an incident reporting mechanism. In order to manage and improve preventive measures, it also helps with the recording and tracking of incidents.

Therefore, all the steps are the part of Incident Reporting Process.

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Which type of power steering system relies on inputs to sense the steering
effort?
A) HPAS
B) EPAS
C) Both A and B
D) Neither A nor B
Back
50 of 61
Next
Submit All
!!!

Answers

Answer:

Hi

Explanation:

C is the correct answer

Why does no one like me? i need answers.​

Why does no one like me? i need answers.

Answers

um I don’t know u very pretty tho

Answer:

nobody likes me either lol

38Q. Anytime a member wants to convert to a different membership, their _________ must be viewed to verify that there is not a financial cosigner for the membership.

Answers

Anytime a member wants to convert to a different membership, their account information or membership record must be viewed to verify that there is not a financial cosigner for the membership.

The process of verifying whether there is a financial cosigner associated with a membership involves reviewing the membership details and payment history. This information can be accessed through the member database or financial records. If there is a financial cosigner present, the member must either settle any outstanding dues or obtain the cosigner's permission to release them from their financial responsibility.
Additionally, the membership terms and conditions should be reviewed to determine if there are any restrictions or fees associated with changing the membership level. For instance, some memberships may have a minimum term that needs to be completed before a member can switch to a different level. Others may require additional fees to be paid before the change can be made.
In conclusion, verifying the presence of a financial cosigner is crucial before allowing a member to convert to a different membership level. This ensures that there are no outstanding dues or financial responsibilities that may impact the member's ability to switch their membership level smoothly. By taking the necessary steps to verify the financial status of a membership, the organization can avoid any issues related to payment and maintain a positive relationship with their members.

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If the store where you purchased an item cannot or will not help you with a problem,
the next place to turn is to the manufacturer.
TRUE OR FALSE

Answers

Answer:

True

Explanation:

When individuals consume more than their share, and the cost of doing so is dispersed among all, the result is called

Answers

When individuals consume more than their share and the cost dispersed leads to the ultimate collapse, it's known as tragedy of the commons.

The commons simply mean any shared resources such as air, water, food supplies, energy sources, etc.

The tragedy occurs when people consume more than their share with the cost of their doing so dispersed among everyone causing the ultimate collapse known as the tragedy of the commons.

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How long have Indigenous people managed diversity in Australia?
a. 100,000-300,000 years
b. 50,000−60,000 years
c. 10,000-30,000 years
d. 2000 years

Answers

Indigenous people have managed diversity in Australia for approximately 50,000−60,000 years.

The Indigenous people in Australia lived there for around 60,000 years before the first Europeans arrived in the 18th century. During that period, they managed diversity, and as a result, were able to survive in a wide range of environmental conditions by making the most of the natural resources available.

They are known for their remarkable ability to adapt to the natural environment and to conserve resources over time, as well as their ability to pass this knowledge on to future generations.

According to archaeological evidence, the Aboriginal people in Australia have been in this region for more than 50,000 years. As a result, they have developed an intricate knowledge of the land, the animals, and the plants that inhabit it.

This knowledge has been passed down from generation to generation, ensuring that the indigenous people continue to maintain a deep connection with their ancestral lands.

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Define store records ​

Answers

Answer:

this is an important document that helps an organisation to determine the rate of use of raw materials

MetLife was able to dramatically expand its global footprint by acquiring Alico, a global player in the insurance business, from AIG in 2010 when AIG was in financial distress. This shows that not all diversification moves erode performance.

a) true

b) false

Answers

Answer:

True

Explanation:

It is true that not all diversification erodes performance. That is it is not all diversification moves that reduces performance or destroys it. Sometimes diversification could lead to greater risks or greater costs of investment. By diversifying and acquiring Alico metlife was able to increase and expand globally

What is one statement that economists would say is INCORRECT?

A. Society's resources are limited.

B.People usually put their own interests as their first priority.

C.The stock market only affects people who invest in it.

Answers

Answer:

C.The stock market only affects people who invest in it.

The stock market affects everyone, not just the people who invest in it.

The incorrect statement that economists is "the stock market only affects people who invest in it". The correct option is C.

The direct impacts are felt by investors, the stock market's ripples extend far beyond. It reflects economic health, affecting job creation, business decisions and consumer confidence.

Market fluctuations influence retirement funds, pensions and even governments through taxation and policies. The interconnected financial system means market changes cascade which impacting industries, borrowing costs and global trade.

The stock market's reach is profound, influencing individuals and institutions, irrespective of direct investment involvement which is  making its effects pervasive in the broader economic landscape.

Therefore, the correct option is C.

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what is business ? please tell us​

Answers

Answer:

Noun, a person's regular occupation, profession, or trade.

Explanation:

A US based company is attempting to merge with a French National conglomerate. With IFRS and GAAP being so different, what would be some of the challenges the two sides may face with the merger from an accounting standpoint?

Answers

The merger between a US-based company and a French National conglomerate can pose several challenges from an accounting standpoint due to the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Some of the challenges they may face include:

Accounting Principles: IFRS and GAAP have different underlying principles and concepts. IFRS is principles-based, emphasizing substance over form, while GAAP is rules-based, providing specific guidelines for various transactions. The differences in accounting principles can lead to variations in the recognition, measurement, and presentation of financial information.

Financial Statement Presentation: IFRS and GAAP have different requirements for financial statement presentation. The formats and classifications of items on the balance sheet, income statement, and cash flow statement may vary between the two sets of standards. This can make the comparison and consolidation of financial statements challenging.

Revenue Recognition: IFRS and GAAP have differing guidance on revenue recognition, particularly in areas such as the timing of revenue recognition, multiple-element arrangements, and percentage-of-completion method for long-term contracts. Aligning the revenue recognition policies of the merging entities can be a complex task.

Valuation of Assets and Liabilities: IFRS and GAAP may have different rules for the valuation of assets and liabilities, such as inventory, property, plant, and equipment, intangible assets, and financial instruments. Differences in valuation methodologies can impact the reported values of assets and liabilities, which can have implications for financial ratios, financial performance, and tax implications.

Business Combinations and Goodwill: IFRS and GAAP have different requirements for accounting for business combinations and the subsequent treatment of goodwill. For example, IFRS allows for the option of measuring goodwill at cost or using the impairment model, while GAAP follows a more strict impairment-only model. This can result in differences in the recognition and measurement of goodwill and the related impact on financial statements.

Disclosures: IFRS and GAAP have varying disclosure requirements, with differences in the level of detail and specific disclosures mandated for certain transactions and events. Harmonizing the disclosure requirements can be a complex task to ensure compliance with both sets of standards.

These are just a few examples of the challenges that may arise during the merger process from an accounting standpoint. It is crucial for the merging entities to have a thorough understanding of the differences between IFRS and GAAP and work closely with accounting professionals and advisors to address these challenges effectively and ensure accurate financial reporting and compliance with relevant regulations.

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Change Pottery Works began November with a Retained Earnings balance of $95,000. During November the company earned $15,000 and returned $4,000 to the owners. Prepare a schedule that reports the beginning balance, changes, and ending balance of retained earnings.

Answers

Pottery Works began November with a Retained Earnings balance of $95,000. During November, the company earned $15,000 and returned $4,000 to the owners.

The ending balance of Retained Earnings can be calculated by adding the beginning balance, changes in earnings, and adjustments for owner withdrawals.

To prepare the schedule, we start with the beginning balance of Retained Earnings, which is $95,000. Then, we add the earnings for the month, which is $15,000. Next, we subtract the owner withdrawals of $4,000. The sum of these amounts gives us the ending balance of Retained Earnings. In this case, the ending balance would be $106,000 ($95,000 + $15,000 - $4,000).

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1.05 the market place economic

Answers

A market economy serves as an  economic system in which economic activities is been controlled by individuals.

What is market economy?

market economy serves as the economy that that gives country's individual citizens and businesses to be able to make decisions .

This decision could be  pricing of goods and services  which are been controlled  by the interactions of a country's individual citizens.

COMPLETE QUESTION:

Explain market place economy

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hoodoo voodoo company has total assets of $64,500, net working capital of $19,450, owners' equity of $31,610, and long-term debt of $22,090. what is the company's current assets?

Answers

The Hoodoo Voodoo Company has a total asset value of $64,500, net working capital of $19,450, owners' equity of $31,610, and long-term debt of $22,090. The company's current assets are $30,250.

An asset is what?

A resource with a monetary value that is owned or managed by a person, company, or nation in the expectation that it will be beneficial in the future is known as an asset. Assets are shown on a company's balance sheet and are purchased or constructed to increase the company's value or facilitate better operations.

A future asset may increase revenue, reduce expenses, or increase sales. A patent or a piece of manufacturing machinery can be the subject here. You can sell the things you possess for money; these are your assets. An asset is any resource that a company owns or has control over in accounting terms.

Calculation:

Current liabilities = $64,500 - $31,610 - $22,090 = $10,800.

Current assets are $19,450 + $10,800 = $30,250.

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The Food and Drug Administration sets standards for
O advertising.
O product labeling.
O the environment.
O traffic safety.

Answers

Answer:

B. Product Labeling

Explanation:

From quizlet

The Food and Drug Administration sets standards for  product labeling.

What is product labeling?

Product labeling is the details information of what a products entails and this is often writing on the product.

Product labeling is an important standards set by  Food and Drug Administration as this help the consumer to be know the following:

The product ingredientHow healthy or unhealthy the product are etc

Inconclusion the Food and Drug Administration sets standards for  product labeling.

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Find a unit vector ev where V = 5, 10,4 .

Answers

The unit vector ev ≈ 0.42, 0.84, 0.34, which has a length of 1 unit.

In mathematics, a unit vector is a vector with a length of 1 unit. It is often used in various fields, including physics and engineering, to simplify calculations and represent physical quantities such as force or velocity.

To find a unit vector, it is necessary to divide the original vector by its magnitude or length. In this answer, we will explore how to find a unit vector for a given vector, using the example of V = 5, 10, 4.

To find a unit vector for a given vector, the first step is to calculate the magnitude or length of the vector. The magnitude of a vector V with components Vx, Vy, and Vz can be calculated using the formula:

|V| = \(\sqrt{(Vx^2 + Vy^2 + Vz^2)}\)

Using the example of V = 5, 10, 4, the magnitude of the vector can be calculated as:

|V| = \(\sqrt{(5^2 + 10^2 + 4^2)}\) = \(\sqrt{(141)}\)≈ 11.87

Once the magnitude of the vector has been calculated, the next step is to divide each component of the vector by the magnitude to obtain the corresponding components of the unit vector. This can be expressed using the formula:

ev = V / |V|

Using the example of V = 5, 10, 4, the components of the unit vector can be calculated as:

evx = 5 / |V| ≈ 0.42

evy = 10 / |V| ≈ 0.84

evz = 4 / |V| ≈ 0.34

Therefore, the unit vector for the given vector V is ev ≈ 0.42, 0.84, 0.34.

It is important to note that a unit vector has a length of 1 unit, so it is often expressed using the notation of the unit vector symbol, which is a lowercase letter with a circumflex (^) accent, such as ê or ĵ. Therefore, the unit vector for the given vector V can be expressed as:

ev ≈ 0.42ê + 0.84ĵ + 0.34k

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20) Describe two ways that Southerners slowed the progress of African Americans
during the Jim Crow Era,

Answers

Answer:

One way Southerners slowed the progress of African Americans during the Jim Crow Era was through the implementation of discriminatory laws, such as poll taxes and literacy tests, that prevented them from exercising their right to vote. Another way was through the use of violence and intimidation tactics, such as lynching and the Ku Klux Klan, to instill fear in African Americans and discourage them from seeking equal rights.

Explanation:

Madison purchased a desk for her home office for $587.33. Using the store's installment plan, she made a $147.00 down payment. What amount did she finance?

Answers

$587.33−$147=$440.33 The amount financed is the sum of the down payment and the cash price.

Why is there a down payment needed?

With a down payment, a buyer can take possession of the house or car and reduce their monthly mortgage main and interest payments. A lower interest rate can be obtained by the buyer by making a larger down payment. A down payment is a one-time, upfront sum paid for pricey goods or services, such as a car or a home. It is frequently paid in cash or anything of value at the time the transaction is finished. After that, a loan of some form must be used to finance the remaining portion of the payment.

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What do you mean by ECONOMIC ​

Answers

Answer:

Economics is a social science concerned with the production, distribution, and consumption of goods and services.

details for the inventory account for the month of january 2022 for the janae company are as follows: units per unit price total balance, 1/1/2022 400 $5.00 $2,000 purchase, 1/15/2022 200 $5.00 $1,000 purchase, 1/28/2022 200 $6.00 $1,200 an end of the month (1/31/2022) inventory showed that 340 units were on hand. how many units did the company sell in january 2022?

Answers

In order to determine how many units the Janae Company sold in January 2022, we first need to calculate the total units purchased during the month.

Total units purchased = units on hand at the beginning of the month + units purchased during the month

Units on hand at the beginning of the month = 400

Units purchased on January 15th = 200

Units purchased on January 28th = 200

Total units purchased = 400 + 200 + 200 = 800

Now we can calculate the units sold:

Units sold = total units purchased - units on hand at the end of the month

Units on hand at the end of the month = 340

Units sold = 800 - 340 = 460

Therefore, the Janae Company sold 460 units in January 2022.

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List and explain the explain the economic issues involved in Industrial Cyclic Voltammetry. What are the economic issues involved in Cyclic voltammeter at Industrial scale?

Answers

Industrial cyclic voltammetry involves the application of the cyclic voltammetry technique in an industrial setting.

Cost of Equipment: Cyclic voltammetry at an industrial scale requires specialized equipment, including high-quality potentiostats, electrodes, and supporting infrastructure. These instruments can be expensive to acquire, maintain, and calibrate. The cost of equipment can be a significant economic consideration for industries implementing cyclic voltammetry.

Operational Costs: Operating an industrial-scale cyclic voltammetry setup involves expenses such as electricity, chemicals, and maintenance. The energy consumption of the equipment and the cost of chemical reagents required for the electrochemical processes can contribute to the overall operational costs.

Training and Expertise: Proper operation and interpretation of cyclic voltammetry data require skilled personnel with knowledge and expertise in electrochemistry. Training employees or hiring experts who are proficient in cyclic voltammetry techniques can add to the overall labor costs of the industrial process.

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Sidise Co. produces computers, which sell for $400 each. A foreign distribution wants to order 1,000 computers at $300 each. Production costs per unit at capacity of 30,000 units are: Direct materials $90 Direct labor 120 Variable overhead 50 Fixed overhead 60 Required A. How much is the relevant cost of producing one more computer? B. What is the effect on profit of accepting the special order?

Answers

The relevant variable cost per unit is $260

The relevant cost of producing 1,000 units is $260,000

How to solve

A. The relevant cost of producing one more computer can be calculated by adding up the relevant variable costs, which are the costs that will change with the decision to produce one more computer. In this case, the relevant variable costs are the direct materials, direct labor, and variable overhead.

Relevant variable cost per unit = Direct materials + Direct labor + Variable overhead

= $90 + $120 + $50

= $260

Therefore, the relevant cost of producing one more computer is $260.

B. To determine the effect on profit of accepting the special order, we need to calculate the incremental profit, which is the difference between the revenue from the special order and the relevant cost of producing the additional units.

Revenue from special order = 1,000 x $300 = $300,000

Relevant cost of producing 1,000 units = 1,000 x $260 = $260,000

Incremental profit = Revenue - Relevant cost = $300,000 - $260,000 = $40,000

Therefore, accepting the special order would increase the profit of the company by $40,000.

However, it's important to note that accepting the special order may have other implications, such as the potential impact on the company's reputation, long-term profitability, and relationships with other customers.

These factors should also be considered before making a decision.

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what modifier identifies the professional component of a service?

Answers

The modifier that identifies the professional component of a service is the -26 modifier.

This modifier is used to indicate that only the professional component of a service is being billed, as opposed to the technical component which would be indicated by the -TC modifier. The professional component refers to the work done by the physician or other healthcare provider, such as interpretation of test results or performing a procedure, while the technical component refers to the equipment and supplies used to perform the service.
 

When billing for services, the "-26" modifier is added to the procedure code to indicate that the professional component, such as physician work, has been provided separately from the technical component. This allows for accurate billing and reimbursement for the specific services rendered by the healthcare professional.

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1. Suppose we have obtained the following regression results: ý = 12 - 6x +0.5(Male x x) + 3Male - 2Rural + 1(Rural x Male) where Male is a dummy variable that takes one for males and zero for females and similarly Rural takes one if individual lives in a rural area and zero if urban. (a) What is the equation for a female that lives in a rural area? (b) What is the equation for a male that lives in an urban area? (c) What coefficient estimates would we get if we estimated the following model instead: y = Bo+3₁x+3₂(Femalexx)+B3Female+34Urban+35(Urbanx Female) + u where Female takes a value one for females and zero for males and Urban takes a value one if individual lives in an urban area and zero if rural? (d) Using the model in part a) explain how you would test the hypothe- sis that there is no differences across gender (while still allowing for differences across regions) in the relationship between y and x in the two areas, that is, explain how to do a Chow Test. Describe all the steps in performing this test, the hypothesis being tested, the models, the regressions you need to do, the test statistic used and how to get the corresponding critical value.

Answers

ý = 12 - 2Rural. ý = 12 + 0.5 + 3. Coefficient estimates would remain the same as in the original model. Perform separate regressions for rural and urban areas, calculate SSR, and use Chow Test statistic for hypothesis testing.

To test the hypothesis of no differences across gender in the relationship between y and x in the two areas, we would perform separate regressions for rural and urban areas. Then, calculate the sum of squared residuals (SSR) for each regression. The Chow Test statistic, which compares the SSR from the separate regressions to the SSR from the combined regression, can be used to test the hypothesis. The critical value for the test can be obtained from the F-distribution table. If we estimate the model y = Bo + 3₁x + 3₂(Femalexx) + B3Female + 34Urban + 35(Urbanx Female) + u, the coefficient estimates would remain the same as in the original model, as the coefficients represent the same relationships between the variables.

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Anyone have a good name for a sports media company?

Answers

Less go, as if you will offer less money to give them the service

what is the adjusted cash balance per bank, if the cash balance per bank statement is $12,150; there are $6,245 of outstanding checks; and $2,385 of deposits in transit?

Answers

If the cash balance per bank statement is $12,150; there are $6,245 of outstanding checks; and $2,385 of deposits in transit, then the adjusted cash balance per bank will be $8,290. Therefore, the option C holds true.

What is the significance of adjusted cash balance?

An adjusted cash balance can be calculated using the formula,

Adjusted Cash Balance = Cash Balance – Deposits in Transit + Outstanding Balances

Using this formula, the adjusted cash balance for the given condition can be computed as,

Adjusted Cash Balance = 12150 – 6245 + 2835 = $8,290

Therefore, the option C holds true and states regarding the significance of an adjusted cash balance.

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The missing options to the question are added for better reference.

What is the adjusted cash balance per bank, if the cash balance per bank statement is $12,150; there are $6,245 of outstanding checks; and $2,385 of deposits in transit?

A $16,010

B $12,150

C $8,290

D $21,780

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