Describe role of marketing research in product launch stage.
(100-200 words)
Answers
Marketing research plays a crucial role in the product launch stage by providing valuable insights into customer needs, preferences, and market dynamics.
During the product launch stage, marketing research helps in three key ways. Firstly, it helps identify target customers and their requirements, enabling companies to develop products that align with their needs. By conducting surveys, focus groups, and interviews, marketers can gather data on consumer preferences, purchasing behavior, and product expectations.
This information allows businesses to tailor their product features, packaging, and messaging to effectively meet customer demands. Secondly, marketing research helps assess market conditions and competition. By analyzing market trends, industry reports, and competitor strategies, companies can gain a comprehensive understanding of the competitive landscape.
This knowledge empowers businesses to position their product uniquely, identify gaps in the market, and develop effective marketing strategies that differentiate them from competitors.
Lastly, marketing research provides valuable feedback on product performance and customer satisfaction. Through post-launch surveys, feedback forms, and social media monitoring, companies can gauge customer reactions, identify areas for improvement, and make necessary adjustments to enhance the product's value proposition.
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Related Questions
Which of the following is typically NOT led by a company's Human Resource department?
Answers
Answer: they dont file complaints
Explanation:
Which represents the most accurate description of how credit cards differ from loads
Answers
Answer:
C
Explanation:
Loans are typically for something that will build your value. Credit cards are not.
The option B gives the accurate difference between a credit card and a loan. The credit card payments typically vary from month to month, while the loan payments remain the same as long as the interest rates remain the same.
What is a Credit Card?A credit card is a form of borrowing and allows you to borrow up to the credit limit set for your card. Credit cards let you borrow money from a bank under the agreement that you'll repay it by your bill's due date or incur interest charges.
A credit card is a type of payment card in which charges are made against a line of credit instead of the account holder's cash deposits. When using a credit card, you will need to make at least the minimum payment every month by the due date on the balance.
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A recent high school graduate is researching ways she can pay for her college education. She has received three small scholarships, but still needs to pay for
most of the tuition herself. Which of these options may be available to help her pay for her education? Select all that apply.
A. mortgage loan
B. Perkins loan
C. private loan
D. Stafford loan
E. payday loan
E business loan
Answers
Answer:
C and D
Explanation:
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when they use internet ads marketers get their audience involved by using interactive content suck as
Answers
Answer:links and surveys
Explanation: took the test
how existing businesses changed the way they operate to keep afloat during the lockdown periods.
Answers
Answer:
Combine speed and stabilityTurn digitization into an advantageDrive systemic change through cooperationExplanation:
Office companies moving to at home working
Shops creating online shops
Using the information in Extract B, calculate, to 2 decimal places, the profit for the year (net profit) margin for Fevertree Drinks plc in 2016. You are advised to show your working
Answers
Based on the information in Extract B, Fevertree Drinks plc net profit margin in 2016 is 33.6%.
What is the net profit margin?This can be found by the formula:
= Net profit / Sales x 100%
Solving gives:
= 34,301,880 / 102,237,354 x 100%
= 33.6%
In conclusion, the net profit margin for Fevertree Drinks is 33.6%.
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Which of the following is usually true
about the demand of consumers who
make more money?
A. They demand less of lower quality products.
B. They demand more of lower quality products.
C. They demand the same amount of lower quality
products.
Answers
Answer:
A
Explanation:
an increase in gross domestic product (gdp) is a sign that a country’s economy is___ a) declining. b) stagnant. c) growing.
Answers
Option C. growing. Gross Domestic Product (GDP) measures the final value of goods and services produced in a country within a given time frame.
In other words, GDP is used as a measure of economic growth or progress.GDP is the total value of goods and services produced in a country within a certain time frame. The higher the GDP, the stronger the economy of the country. It is a sign that the country's economy is growing.
In this context, an increase in gross domestic product (GDP) is an indicator that a country's economy is growing. Therefore, the economy is not declining or stagnant.
An increase in GDP refers to an increase in economic output. This means that the country is producing more goods and services compared to the previous year. A country that experiences a consistent increase in its GDP over a period of time is said to have an expanding economy.
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True or false: Employers pay the same amount of social security and Medicare taxes as the employee pays.
O True
O False
Answers
I hope I have helped you I don't know much about that
PLEASE HELP FAST
Based on this partially filled out 1040EZ form, will this person receive a refund or owe taxes? What amount?
Answers
Based on this partially filled out 1040EZ form, this person still owe taxes because that is the purpose of the form.
What is the IRS Form 1040EZ?The IRS for Single & Joint Filers with No Dependents was the shortened version of the Internal Revenue Service Form 1040. The Form 1040EZ was for taxpayers with basic tax situations and offered a fast and easy way to file income taxes.
This form was discontinued as of the 2018 tax year and replaced with the redesigned Form 1040. It could only be used by people below age 65 with no dependents earning less than $100,000 per year, was about one-fifth as long as the full 1040 form with fewer deductions and tax credits and anyone who hasn't filed taxes for 2017 or earlier can still use the 1040EZ form for that year.
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What Is Times Interest Earned Ratio?
Answers
The interest coverage ratio, sometimes referred to as the times interest earned ratio, is a financial indicator used to assess a company's capacity to service its debt. It is computed by dividing the interest expenditures by the profits before interest and taxes of the firm.
How is Times Interest Earned Ratio determined?By dividing a company's profits before interest and taxes (EBIT) by its interest expenditures, the times interest earned ratio (TIE) is calculated. Following is the formula:
EBIT / Interest Expenses = TIE
EBIT is computed by deducting operational costs from overall revenue of the firm. Interest expenditures are the sum that a business must pay in interest on its outstanding debt.
The resultant ratio displays the multiple by which a business's profits can pay its interest costs. While a low TIE ratio could be a sign of financial strain and a higher likelihood of default, a high TIE ratio suggests that a corporation has a solid capacity to satisfy its debt commitments.
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If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
The treasurer for Pittsburgh Iron Works wishes to use financial futures to hedge her interest rate exposure. She will sell five Treasury futures contracts at $107,000 per contract. It is July and the contracts must be closed out in December of this year. Long-term interest rates are currently 16. 30 percent. If they increase to 17. 50 percent, assume the value of the contracts will go down by 15 percent. Also, if interest rates do increase by 1. 2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $90,000. This expense, of course, will be separate from the futures contracts. A. What will be the profit or loss on the futures contract if interest rates increase to 17. 50 percent by December when the contract is closed out
Answers
The overall firm will be at a net loss of $80,250 + $90,000 = $170,250 due to increase in interest rate. detailed answer is given below.
what is interest rate?An amount that a borrower must pay to a lender as interest during the course of a loan, stated as a percentage of a loan amount.
Pittsburgh Iron Works' treasurer is utilizing financial futures to sell five Treasury derivative contracts at a price of $107,000 each in order to offset her exposure to interest rate risk. Financial futures are used as hedging to prevent the corporation from suffering any potential losses brought on by fluctuations in interest rates.
In this instance, it is projected that the value of contracts will decline by 15% if long-term interest rates rise from the current 16.30% to 17.50% by December, when the agreements must be closed out.
We can find the decline in value per contract by multiplying the contract amount ($107,000 per agreement) by the percentages decrease in price (15%) to determine the possible loss on the futures market.
$15,050 per contract ($107,00 x 15%)
The overall loss on the futures markets will be $16,050 each contract x 5 contracts, or $80,250, as the treasury sold five Treasury futures contracts.
However, if interest rates do rise by 1.2 percent, in addition to the loss on the futures contracts, the company will also incur an additional $90,000 in interest expenditure on its business loans and other commitments. So, as a result of the interest rate hike, the company will ultimately experience a net loss of $80,250 + $90,000 = $170,250.
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How do perception, learning and attitudes affect consumer decision making and how marketer influence these processes
Answers
Perception means how a person is thinking, learning refers to acquiring new knowledge and attitudes means feeling towers the product or service. Consumer decision-making is significantly influenced by perception, learning, and attitudes.
Perception, learning, and attitudes are all important factors that affect consumer decision making. Perception influences how a consumer interprets and evaluates stimuli in the marketplace. Learning affects how a consumer learns from past experiences and develops buying habits. Attitudes influence a consumer's predisposition towards a product or service. Marketers can influence these processes by designing their campaigns to appeal to the target audience's senses, past experiences, and biases.
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The repair service that fixes your farming equipment doesn’t seem to fix your plow correctly. The technician says that if you are not happy, you can buy a new plow from him, but the cost is extremely high. Do you have other options available to you for higher-quality repairs or cheaper equipment? Explain your answer.
Answers
Answer:
Your best option would be for higher quality repairs and higher quality equipment, this would save you more money and time in the long run where you have the ability to do other things.
Explanation:
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Answer:
No, because in command economies, there is no competition. So, there are no other repair services that would offer higher-quality repairs or cheaper equipment. Additionally, no incentive exists for the technician to provide high-quality service.
Explanation:
the actual answer
Veronica owns a pottery business and is insured under a commercial property policy. She was in the process of building an extra structure for the sole purpose of kiln firing her pottery when a massive storm came through and blew down all the scaffolding, which added additional cost to the construction project. Which coverage extension of the Builder’s Risk Coverage Form would cover the scaffolding?
Answers
Answer: Scaffolding, construction forms, and temporary structures
Explanation:
The builders risk coverage form simply refers to the insurance policy which covers both the residential structures and the commercial structures when such structures are being constructerd or renovated.
Based on the information given, the coverage extension of the Builder’s Risk Coverage Form that would cover the scaffolding will be scaffolding, construction forms, and temporary structures.
in periods of rising prices, the inventory method which results in the inventory value on the balance sheet that is closest to current cost is the
Answers
In periods of rising prices, the inventory method which results in the inventory value on the balance sheet that is closest to current cost is the FIFO method.
A period of rising prices is known as an inflationary period. In an inflationary period, the prices of goods and services increase.
There are three inventory methods:
FIFO method: The first in, first out (FIFO) method assumes that the inventories purchases first are sold first and ending inventory is made up of the goods bought last. LIFO method: The last-in, first-out (LIFO) method assumes that the latest purchased inventories are the first to be sold and ending inventory consists of goods purchased first. The average cost method: this method makes use of the weighted average cost to determine the value of goods sold and ending inventory.The balance sheet records ending inventory. In periods of rising prices, the FIFO method would result in inventory value closest to the current cost in the balance sheet.
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If you decide to produce at a level where marginal cost exceeds marginal benefit (mc > mb), there is a waste of:________
Answers
If a producer decides to produce at a level where marginal cost (MC) exceeds marginal benefit (MB), there is a waste of resources. This occurs when the additional cost of producing one more unit exceeds the additional benefit or value gained from that unit.
When a producer determines the level of production, they consider the marginal cost and marginal benefit of each additional unit produced. Marginal cost refers to the additional cost incurred by producing one more unit, while marginal benefit represents the additional value or benefit gained from that unit.
If the producer chooses to produce at a level where marginal cost exceeds marginal benefit (MC > MB), it indicates that the cost of producing an additional unit outweighs the value or benefit derived from that unit. This leads to a waste of resources because the producer is allocating resources inefficiently. The resources utilized to produce the additional unit could have been better allocated elsewhere, where the marginal benefit exceeds the marginal cost.
In such a scenario, it is advisable for the producer to adjust their production level to a point where marginal cost equals marginal benefit (MC = MB). This ensures an optimal allocation of resources and maximizes efficiency in production.
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please help me answer these questions
Answers
Answer: See explanation
Explanation:
1. Inelastic demand occurs when a change in price doesn't really have an effect on the quantity of the goods demanded. Examples of products with inelastic demand are salt and prescription drugs.
2. Elasticity for demand helps in the determination of the prices of factors of production. It is also vital in knowing how price changes will affect the revenue of the firm.
3. Normal goods are the goods that when income increases, the demand for them increases as well e.g. household appliances
For inferior goods, when Income increases, their quantity demand reduces. These are common with extremely cheap products.
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Think about a consumer with a utility function given by u=x1x2, he is facing a budget constraint: p1x1+p2x2<= I.
A) Please derive the Marshallian demand functions for x1 and x2.
B) How much of each good will the consumer purchase if I =8, p1=1 and p2=4?
Answers
Given that the consumer has a utility function given by `u = x1 * x2` and is facing a budget constraint `p1 * x1 + p2 * x2 ≤ I`.We are to derive the Marshallian demand functions for `x1` and `x2` and determine how much of each good will the consumer purchase if `I = 8`, `p1 = 1` and `p2 = 4`.Solution:The consumer’s problem is to maximize their utility function `u = x1 * x2` subject to the budget constraint `p1 * x1 + p2 * x2 ≤ I`.The Lagrangian function `L` is given by;`L = x1 * x2 + λ [I − p1 * x1 − p2 * x2]
`Differentiating the Lagrangian function with respect to `x1`, `x2` and `λ` we get;`∂L/∂x1 = x2 − λp1 = 0` …..(1)`∂L/∂x2 = x1 − λp2 = 0` …..(2)`∂L/∂λ = I − p1 * x1 − p2 * x2 = 0` …..(3)Solving the above equations for `x1`, `x2` and `λ` gives the Marshallian demand functions.`x1 = I/(2 * p1)` and `x2 = I/(2 * p2)`Therefore, the demand functions for x1 and x2 are given by;x1 = I/(2 * p1) …..(4)x2 = I/(2 * p2) …..(5) Substituting the given values, `I = 8`, `p1 = 1` and `p2 = 4` into equations (4) and (5) above;x1 = 8/(2 * 1) = 4x2 = 8/(2 * 4) = 1 The consumer will purchase `4` units of `x1` and `1` unit of `x2` if `I = 8`, `p1 = 1` and `p2 = 4`.
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What button is used to format a table’s text to make it more interesting?
Answers
Then click the “Table Design” contextual tab in the Ribbon.
The preset table styles appear in a list in the “Table Styles” button group.
HAS ANYONE TAKEN THE 2020 ALGEBRA 1 EOC IN FLORIDA THIS YEAR?? IF U HAVE PLZ TELL ME WHAT QUESTIONS THEY ASKED U
Answers
Answer:
They just ask you what you have learned in your previous math courses.
Explanation:
Describe economic feasibility analysis. What techniques are used
in economic feasibility analysis?
Answers
Economic feasibility analysis assesses the profitability of a project using techniques such as cost-benefit analysis, NPV analysis, IRR analysis, payback period analysis, sensitivity analysis, and risk analysis.
What are the techniques used in economic feasibility analysis?Economic feasibility analysis is a process used to assess the viability and profitability of a proposed project or investment from an economic standpoint. It involves evaluating the potential costs, benefits, and risks associated with the project to determine its financial feasibility.
Various techniques are used in economic feasibility analysis, including:
Cost-Benefit Analysis (CBA): This technique compares the projected costs of the project with its anticipated benefits to determine if the benefits outweigh the costs. It helps in quantifying and comparing the monetary value of different aspects of the project.Net Present Value (NPV) Analysis: NPV calculates the present value of projected cash flows by discounting them to the present using a specified discount rate.It helps determine if the project will generate positive or negative net cash flows over its lifespan.Internal Rate of Return (IRR) Analysis: IRR is the discount rate that makes the NPV of a project zero. It helps assess the profitability of the project by comparing the IRR with the required rate of return or hurdle rate.Payback Period Analysis: This technique determines the time it takes for the project's cash inflows to recover the initial investment. It helps assess the project's liquidity and how quickly it generates returns.Sensitivity Analysis: Sensitivity analysis involves examining the impact of changes in key variables or assumptions on the project's financial outcomes. It helps identify the project's sensitivity to different market conditions and potential risks.Risk Analysis: Risk analysis assesses the potential risks and uncertainties associated with the project, such as market volatility, regulatory changes, or technological advancements. It helps in identifying and managing risks that could affect the project's economic feasibility.These techniques, among others, provide a comprehensive analysis of the economic viability of a project, enabling decision-makers to make informed judgments about its potential success.
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Which statement most accurately describes a conflict of commitment? It involves a monetary gain by one party over another party. It occurs when outside activities interfere with one’s responsibilities to an employer. It occurs when an institution does not follow the financial rules from a funding source. It can only occur between an institution and an outside organization.
Answers
Answer:
It occurs when outside activities interfere with one's responsibilities to an employer
Explanation:
Conflict of commitment occurs when the commitment of an employer to a defined terms of employment is shared with other engagements, either personal or with other parties which could lead to a decline in efficiency due to loss of maximum concentration.
This may not necessarily involve monetary gain but has a whole lot of ways through which it can affect productivity as concentration is shared.
It is always good to define activities that constitute conflict of commitment right from the time of forming an employment contract so that an employee can be guided with it.
Greg and Barry have decided to not pay their income taxes in spite of understanding clearly that these taxes are needed to help run the country. This selfish behavior is the basis of a
Answers
Greg and Barry have decided to not pay their income taxes despite knowing that these taxes are needed. This selfish behavior is the basis of a prisoner's dilemma.
What is prisoner's dilemma?Prisoner's dilemma can be defined as the way a person or two person know the outcome of the decision they are about to take and still go ahead to take the decision so as to to satisfy their own self interest.
A person or an individual with prisoner's dilemma personality will often possess selfish behaviour.
Therefore This selfish behavior is the basis of a prisoner's dilemma.
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Economics: Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all local people to enter the parks or to injure either the elephants or their habitat in any way. In a second approach, the government sets up national parks and designates 10 villages around the edges of the park as official tourist centers that become places where tourists can stay and bases for guided tours inside the national park. Consider the different incentives of local villagers-who often are very poor-in each of these plans. Which plan seems more likely to help the elephant population?
Answers
Answer:
People kill elephants not because they are evil and want to hurt them just for the sake of hurting them, they do it in order to make a profit. If the government can offer these people the opportunity to make money through tourism, they that should prevent them from killing the elephants and other wildlife. You have to remember that these people are extremely poor and their income earning alternatives are very scarce and limited.
The first option will work only if the government spends enough money hiring guards that keep the park safe for the animals. But even then, some animals will still be hunted. You must also remember that not only the people of these places are poor, the governments are extremely poor also.
On the other hand, the second option should work better because the villagers will have an incentive to keep the animals safe and not hunt them themselves. The villagers will also help to prevent other people from killing the animals since they earn money through tourism and tourists go there to see the animals.
vocational collages often
Answers
Offer courses that give practical instruction and training for particular professions or trades. These courses might be diploma or certificate programmes that can be finished faster than a conventional degree.
What exactly is a brief training course?Classes or programmes that span between one day and two years are considered short-term training. You might be able to acquire a job, a promotion, or more money if you do. Programs for short-term training frequently vary as organisations seek out new certifications and skills.
What are courses leading to a quick certification?Courses for Digital Marketing Certification Courses for Cyber Security Certification Courses for Artificial Intelligence Certification Business Analytics Training Programs Courses for Data Science Certification Courses for Cloud Computing Certification Courses for Machine Learning Certification view all of our certification programmes.
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Your personal credit reflects:
A. debt versus investments
B. investments versus income
C. Debt versus number of cards
D. income versus debt
Answers
Answer:
the letter C
Explanation:
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Your personal credit reflects income versus debt. Option D is an appropriate response.
What is personal credit?The capacity to access products or services or borrow money with the idea that you'll pay for them later is known as credit.
Building personal credit involves being reliable when it comes to making on-time, complete payments on all of your debts, including credit card bills, vehicle loans, and mortgages. Your credit score rises as a result. It's crucial to keep in mind that your personal and corporate credit should not be combined.
That which a person possesses personally and which is based on the perceptions held of his moral integrity and professional position.
Your personal credit reflects income versus debt.
Hence, Option D is an appropriate response.
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Selling brand name merchandise at lower than regular prices by buying excess inventory at prices below wholesale prices is known as Blank______ retailing.
Answers
Selling brand name merchandise at lower than regular prices by buying excess inventory at prices below wholesale prices is known as Off-price retailing.
This business model involves purchasing excess inventory from brand name manufacturers or retailers at prices well below wholesale and selling them at a discounted rate to consumers.
This allows the off-price retailer to offer popular and recognizable brand name merchandise at lower prices than traditional retailers while still maintaining a profit margin. This type of retailing has become increasingly popular in recent years, with large chains like TJ Maxx and Marshalls leading the way. Off-price retailing provides a win-win situation for both the retailers and consumers - the retailers can turn a profit on excess inventory, and consumers can purchase high-quality merchandise at lower prices than they would find in traditional retail stores.
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