Explain how a business analysis is carried out
What will be an ideal response?
Answer: A product idea that survives the screening stage is subjected to a business analysis. During this stage, the company reviews the sales, costs, and profit projections to determine whether they meet the company's objectives. In addition, it estimates the costs associated with various levels of production. Given these projections, analysts calculate the potential profit that will be achieved if the product is introduced. If the product meets the company's objectives, it can then move to the prototype development stage.
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Define resources, economic events, and agents
The inventory account does not require any subjective estimates by management
a. True b. False Indicate whether the statement is true or false
What steps should be taken by MPR professionals when starting a press conference?
What will be an ideal response?
The water authority of the metropolitan city of Bongkasea put up a sign near all public water taps that read the following: "Turn me off after use because I may not be free of cost in 2050." Which of the following marketing strategies does this scenario best illustrate?
A. People marketing B. Place marketing C. Event marketing D. Idea marketing