Which aspect of a business needs the support of accurate market research?

Answers

Answer 1
Final answer:

Accurate market research is critical in supporting marketing and product development in a business. It is fundamental in business decision-making and understanding the market structure and competition. With globalization and advancements in technology, the importance of accurate market research has been emphasized even more.

Explanation:

The aspect of a business that most requires the support of accurate market research is the marketing and product development department. Accurate market research provides comprehensive information about the product's price, quality, and the needs and preferences of the target customers. This knowledge is crucial in the development and successful launch of new products or improving existing ones.

Moreover, market research can also influence strategic business decisions, like penetrating a new market or pivoting product lines. The recent shifts in market definition due to technology and globalization mean that businesses now face increased competition. With the advancement of online shopping, consumers can order products from anywhere in the world and compare prices and quality, which emphasizes the importance of accurate market research.

Accurate market research helps in understanding the market structure and the level of competition a business might face. By evaluating the production and cost conditions and the level of competition in the industry, businesses can make informed decisions that will support their growth and success.

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Related Questions

why can a bank afford to pay interest rate on a savings account

Answers

How can a bank afford to pay interest? Banks use the money deposited on savings accounts to lend to borrowers, who pay interest on their loans. ... The difference between the money earned as interest on loans, any operating expenses, and the money paid as interest to savings accounts is profit to the banks.

Answer:

Banks use the money from borrowers whom they charge at a high interest rate, and gives a lower rate to the people who have a savings account.  

Which of the statements is true about the following image?

a.
There will be three columns
b.
The left column will be larger than the right column
c.
There will be a line between the columns
d.
The columns will be equally spaced

Answers

I believe the answer is B.

The correct answer is B

Under a contractionary policy the government can reduce the deficit by

Answers

Under a contractionary taxation policy, the government can reduce the deficit by increasing taxes and/or reduce spending. Contractionary policy is often used by governments that need to slow down the pace of its economy, due to an inflation rate problem.

Alex applies for a home loan. The bank asks him to furnish a document as residential proof for processing the loan. Which document should he provide to facilitate the loan process?
A. paystub
B. personal account register
C. bank reconciliation statement
D. social security card

Answers

When you are asked to furnish something, you are being asked to provide something that is needed. Furnishing is another word for filling a need with no limit as to what the need is. When you are furnishing a loan document for a home, a paystub is needed so that they can have proof of where you work, live and what you make to see if you qualify for the loan and at what interest rate. The correct answer is: A. Paystub.

The document that he should provide to facilitate the loan process is a paystub. The correct option is a.  

What is a paystub?

A paystub is a document that’s given to an employee each payday. It shows their total amount earned, less deductions for things like tax.

Pay stubs show income from salary, hourly wages or commission. They also list things like: tax withheld, reimbursements for personal work expenses, deductions such as insurance and retirement, employer contributions toward insurance or retirement. They may also show other employee information such as the amount of vacation time owed or used. Pay stubs are also known as payslips, paycheck stubs, or pay advice. Traditionally, the pay stub was a paper document attached to a physical check or included in a wages envelope. Today, most employers prefer to use electronic pay stubs.

These can be emailed to employees or made available to them online.

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1. What were some of the challenges that Chase encountered with setting up Buzzcar?

Answers

Answer:

some of the challenges chase encountered with setting up Buzzcar:

availability of carsInvestorsTrust

Explanation:

Buzzcar is a ride sharing company that connects people to others who wish to share their ride/car with them i.e peer-peer ride sharing through a smart phone app.

Availability of cars : In Buzzcar unlike her other company Zipcar the company doesn't own the vehicles so the immediate availability of cars for Riders to share can't be totally Guaranteed it depends solely on the  owners of the vehicle to make cars Available

Investors : Robin Chase started her company from Paris because of a strategic investor she found there.

Trust: for peers to willing share a ride there has to be a trust between them and this posed a serious challenge

Answer:

availability of cars

Investors

Trust

Explanation:

In 1776, an economics book titled -BLANK- was published to promote the concept of free enterprise.

Answers

The book that was published in 1776 which promotes capitalism ideals and free enterprise was written by the Scottish economist and philosopher Adam Smith, and it is entitled The Wealth of Nations – a shortened version of it’s original title, which was An Inquiry into the Nature and Causes of the Wealth of Nations.

what is the richest state?

Answers

Answer:

   New Jersey

Explanation:

With a median household income: $96,346.

(if that incorrect, try Maryland which is very close to being the richest state)

which of the following would not be considered an advantage of a sole proprietorship

Answers

Answer:

The correct answer is option B, Proprietor is responsible for his own health insurance.

Explanation:

A sole proprietor is a person who runs a business on his own. He is responsible for all the profits and losses incurred to the business. He runs the business alone. He is the sole decision maker. He himself is responsible for everything happening within the business. He is the sole owner and thus is responsible for the employees' health insurance, gratuity, social security, etc. Being the only owner, he also should be responsible for his own health insurance as well.

Final answer:

An advantage of a sole proprietorship is that it is subject to little government regulation, allowing for more freedom in decision-making. Sole proprietorships can also raise more capital and partners pay taxes on their share of the income.

Explanation:

An advantage of a sole proprietorship is that it is subject to little government regulation. This means that the owner has more freedom in making decisions and running the business. Additionally, a sole proprietorship can raise more capital than a sole proprietorship due to greater assets being contributed, and each partner pays taxes on their share of the income rather than the business itself having to pay taxes.

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In a barter system, a baker is MOST LIKELY to A) earn money from creating bread. B) buy wheat from a farmer. C) sell bread to a farmer. Eliminate D) trade bread for wheat.

Answers

Barter means exchange since there was no currency back then so the answer  would be D.

The correct answer is D. Trade bread for wheat

Explanation:

A barter system refers to a basic trade system in which one product or service is exchanged or traded for another. This differs from other systems because there is no money involved. Additionally, in a barter system, individuals trade products they produce to obtain those they cannot produce.

This implies, in the case of a baker it is likely he trades bread for wheat because in a barter system there is no money involved, and also the baker can trade bread for wheat as he needs wheat to produce bread, and bread is a product he produces in large amounts.

Which country use tax brackets as a part of their tax system

Answers

Canada, Australia, and South Africa use tax brackets.

Answer:

All of the above.

did the test :)

WILL GIVE BRAINLIEST!!!

Effective teaching of social and emotional skills usually occurs

A) during aggressive behaviors

B) when the child's emotions are high

C) at the moment of crisis

D) before problems arise

Answers

I think the most appropriate answer would be B.


I hope it helped you!

What are some common Health Science workplaces? Check all that apply. hospitals laboratories courts of law hotels restaurants medical clinics

Answers

Answer:

Hospitals And Medical Clinics and Laboratories

Explanation:

The common health science workplace, Hospitals Medical Clinics, and Laboratories. Hospitals, dental offices, laboratories, government, and commercial research

What is research?

Research is a process of systematized inquiry that entails the collection of data; documentation of critical collection; and analysis and interpretation of that data/aggregation, in accordance with suitable epistemologies set by specific occupational group fields and academic discipline

institutions, pharmaceutical and biotechnology firms, community and public agencies, and major healthcare organizations are just a few places where health science specialists work.

Therefore,  The workplace is considered laboratories, hospitals, and dental offices.

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What is an example of an internal risk for a company?
A. political disturbances
B. employee turnover
C. new market entrants
D. natural calamities
E. currency rate changes

Answers

Answer:

b!!

Explanation:

Final answer:

Employee turnover is an example of an internal risk for a company. It can lead to a loss of knowledge and skills, increased costs, and decreased morale and productivity.

Explanation:

An example of an internal risk for a company would be employee turnover. Internal risks are factors within a company that can cause harm or loss, usually due to decisions that are under the control of the company itself. Employee turnover, in particular, can be a significant risk because it can lead to a loss of knowledge and skills, increased recruitment and training costs, and decreased employee morale and productivity.

For example, if a company has a high rate of turnover due to poor management or lack of job satisfaction, it may have difficulty maintaining performance and competitiveness in its market. Furthermore, the costs associated with hiring and training new staff can also place a considerable economic strain on the business.

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a share of ownership in a company is known as witch of the following a) stock (b) investment (c) rebate (d) bond

Answers

Bond - it is like a partnership

The answer is d) bond.

Which education savings plan can be used for the K through 12 expenses as well as post secondary expanses

Answers

coverdell education savings plan

Answer:

Coverdell education savings plan apex

Explanation:

Anti-trust laws or suits may be used to break up which of the following

Answers

they can be used to break up monopolies

can i get brainlyist

Answer:

Hi you haven't listed the options but from the definition of anti-trust laws its main purpose is to breakup business MONOPOLY

Explanation:

Anti-trust laws or suits also know as competition laws, are statutes developed by the Government to ensure free and fair competition in the open market by business owners thereby cutting off business monopolies and delivering good and fair prices to the consumers

Ari wants the team members to understand which project tasks they are responsible for and when they need to be completed. He should create a _____.

Answers

U can always try putting He should create a Due date.

Hope it helps

Gantt Chart

if this is on Odyssey then it should be Gantt Chart

What type of budget is stated? A budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.

Answers

Its cash flow statement. Hope this helps!!

Answer:

Cash flow

Explanation:

Its correct just took the test

Acknowledging a mistake publicly is?

Answers

It can be a way to restore trust

Acknowledging a mistake publicly is an act of taking responsibility for an error or wrongdoing in a public or visible manner. It involves openly admitting and expressing remorse or regret for the mistake.

By publicly acknowledging a mistake, individuals or organizations demonstrate their commitment to being accountable for their actions and maintaining ethical standards. It reflects a willingness to take ownership of one's errors and learn from them.

Recognizing and acknowledging mistakes publicly allows for reflection and learning from the experience. It provides an opportunity to understand the factors that contributed to the error, implement corrective measures, and prevent similar mistakes in the future.

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Melissa wants to impress her boss by creating a graph that shows the improved productivity her group has demonstrated over the past six months. What type of graph should she use? pie graph line graph doughnut graph scatter graph

Answers

Line graph, shows progression of time as X

Answer: Line Graph

Explanation: Shows Progression Of Time As X

If reasonable accommodations are made, an employer with 15 employees or more can't legally refuse to hire someone due to


Question options:

their gender.

their sexual preference.

their ethnicity.

their disability.

Answers

The correct one to me is "Their disability" if mentally or physically  unstable they can not legally hire them.

Hope this helped!

wht is the exemption for a trust that is required to distribut all of its current income?

Answers

Answer: The income earned by the trust depends on the income of the individual. Your prosperity as a trustee lies fundamentally in your capacity to figure out what's head and what's salary. Trust is maintained to hold and invest money which can later come in the use of the beneficiaries.

A trust that disperses all its pay is viewed as a straightforward trust. However, there is some exemption on the taxable amount of trust. If the trust retains the income for more than a period of one year then it becomes liable to pay tax. Trusts are not liable for double taxation in any situation.

NEED HELP ASAP!!!

There are two the means for achieving financial goals--you either need to increase your savings or reduce your spending.

a. true

b. false

Answers

the answer is a. true
a. true. Good principles to live by.

Which of the following characteristics of a professional business letter distinguish it's from a personal business letter

Answers

Many professional business letters are printed on letterhead.


Hello. This question is incomplete. The full question is:

"Which of the following characteristics of a professional business letter distinguishes it from a personal business letter? a. professional business letters come from individuals writing on their own behalf. b. many personal business letters are printed on letterhead. c. personal business letters come from individuals representing a company. d. many professional business letters are printed on letterhead. "

Answer:

d. many professional business letters are printed on letterhead.

Explanation:

Basically, the professional business letter is a document that allows communication between legal entities or between legal entities and individuals. Currently, these correspondences can be either physical, sent by post, or electronic, sent by e-mail. The objectives of this letter can be varied, such as the exchange of information between the parties or even the registration of a transaction.

When these letters are physical, they are usually printed on letterhead which is a printed paper or marked the symbol or logo of a certain company.

The best conclusion that can be drawn from the graph is that the number of nonfarm jobs

Answers

nonfarm jobs are unequal

B. Started going down in 2008.

Ali wanted to figure out the selling price for the custom paperweights he planned to sell. He found that at a price of $5.00, he could sell 20 units; at a price of $10.00, he could sell 15 units; and at a price of $20.00, he could sell 5 units. Based on these numbers, how could Ali make the maximum profit?
A. sell at $5.00
B. sell only 15 units
C. sell at $10.00
D. sell less than 20 units
E. sell at $20.00

Answers

the answer is C

can i get brainlyist

Answer:C

Explanation:

The letter S in the acronym SMART represents the word

Answers

The s stands for specific

The letter S in the acronym SMART represents the word specifically.

What is the acronym of SMART?

SMART, meaning Specific, Measurable, Achievable, Realistic, as well as Timely, seems to be an acronym. To assist with concentrating your efforts and improving your chances of being successful, a SMART objective contains all of these characteristics. SMART objectives are precise, well-defined, explicit, and specific.

The phrase specific is represented by the letter S in the acronym SMART. The "Specific" in the acronym denotes that there should be a definite, well-defined aim with a predetermined conclusion.

This makes it possible to monitor developments and guarantee that the objective is reachable.  A method for condensing all the complex concepts we have in our heads into manageable activities.

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in Illinois Mobile homes are generally considered to wich one a. personal property b. real property c.trade fixture d. fixtures except when they been permanently affixed to their foundation?

Answers

A. personal property


A company has earned a large profit this year. The company’s president wants to reward certain employees for their exceptional performance.What strategy can she use to reward deserving employees?

A. 

issue certificates for exceptional performance

B. 

offer to present them during a board meeting

C. 

provide them with longer break hours

D. 

display their names on the achievers’ board

E. 

offer profit sharing

Answers

Answer:

E.  Offer profit sharing

Explanation:

A reward should be related to the underlying cause. The best way to reward them will be to share some of the profits with them. The company can do that by offering them a cash bonus. The bonus will serve as a motivation for them and other employees as well.

A cash reward strategy will be best as it will be a perfect match with the company's achievements. The employees have made money for the company; it is only fair they get cash a reward.  Employees work to earn money, not certificates or work breaks. A monetary reward will be the most ideal as its the consideration employees seek every morning they report for duty.

Final answer:

To reward exceptional employees, the company president can utilize creative awards and gift cards, which create positive experiences linked to the company, or profit sharing, which aligns employee rewards with the company's success.

Explanation:

To reward employees for exceptional performance, a company president can employ several strategies that align with the company's culture and reflect sincere appreciation. Recognizing employee contributions can be done in creative ways, such as with symbolic awards like the seat belt award or the golden banana award, which convey a message aligned with the company's values and spirit. Offering gift cards is another effective method that allows employees to enjoy experiences like dining out or going on a vacation, creating positive associations with the company.

These rewards must be perceived as genuine and are distributed fairly, reflecting the different contribution levels of employees. This approach can foster a stronger commitment to the company. However, if monetary rewards are considered, options like profit sharing could be effective, as they tie the rewards directly to the company's overall profitability and provide an incentive for employees to contribute to the company's success.

Pls help!!!!!!! Quickly please!!!

Purchasing a franchise can be a good way to

A. become involved in a business that you can then customize.

B. start a business with no risk.

C. transition to becoming an entrepreneur in a supportive environment.

D. learn a business and then copy it.

Answers

A: Becoming involved in a business that you can then customize.

the answer you searching for is C

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