Bailey Delivery Company, Inc., was organized in 2018 in Wisconsin. The following transactions occurred during the year:Received cash from investors in exchange for 12,000 shares of stock (par value of $1.00 per share) with a market value of $6 per share.Purchased land in Wisconsin for $23,000, signing a one-year note (ignore interest).Bought two used delivery trucks for operating purposes at the start of the year at a cost of $14,000 each; paid $3,000 cash and signed a note due in three years for the rest (ignore interest).Paid $2,300 cash to a truck repair shop for a new motor for one of the trucks. (Increase the account you used to record the purchase of the trucks because the productive life of the truck has been improved)Sold one-fourth of the land for $5,750 to Pablo Development Corporation, which signed a six-month note.Stockholder Helen Bailey paid $27,600 cash for a vacant lot (land) in Canada for her personal use.prepare a classified balance sheet for bailey delivery company at december 31, 2018.
Answers
The improvement to the truck for the company after net book value is $6,400.
What is book value?Book value is a financial metric that represents the net asset value of a company. This value is listed on a company's balance sheet and is often used by investors as a measure of a company's intrinsic value. Book value can also be used to determine the price-to-book ratio, which is a comparison of a company's market value to its book value. A price-to-book ratio of less than 1 may indicate that a company is undervalued, while a ratio greater than 1 may suggest that a company is overvalued. However, book value may not always reflect a company's true value, as certain assets may be difficult to value accurately.
Calculation for the Delivery Trucks:
Cost of trucks = $14,000 x 2 = $28,000
Less: Cash paid = $3,000
Less: Cost of motor = $2,300
Net book value = $22,700
Improvement to the truck = $6,400 ($28,000 - $22,700)
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Related Questions
PLEASE TYPE IT OUT PLEASE N THANK YOU.
A community college that specializes in courses from the Arts, AV Technology, and Communications Cluster, as well as the Hospitality and Tourism Cluster, is putting together a bulletin board to celebrate the graduating class. They want to showcase the career that each student has chosen and tell a little bit about where they plan to work after school is over. If their classmates were to pop in for a quick visit, what would they likely find this graduate up to? Your job is to put together information on the students so that it can be used on the celebration bulletin board.
For the board, the college is asking you to feature 8 students: 4 from the Arts, AV Technology and Communications Cluster and 4 from the Hospitality and Tourism Cluster.
They want the name of each student, the student’s chosen career, and where the student plans to work after graduation. Each feature should note one task that the student could be found doing at their future job.
To complete this activity, submit your word processing document
Answers
Answer:
Arts, AV Technology, and Communications Cluster:
John Smith
Career: Graphic Designer
Plans to work at: ABC Advertising Agency
Task: Creating visually appealing designs for marketing campaigns and advertisements.
Emily Jones
Career: Web Developer
Plans to work at: XYZ Tech Firm
Task: Writing code and developing websites that are user-friendly and aesthetically pleasing.
Sarah Lee
Career: Video Production Specialist
Plans to work at: DEF Media Company
Task: Shooting and editing videos for various projects, including commercials, documentaries, and music videos.
Michael Rodriguez
Career: Public Relations Specialist
Plans to work at: GHI Nonprofit Organization
Task: Developing and implementing public relations strategies to promote the organization's mission and increase awareness.
Hospitality and Tourism Cluster:
Samantha Chen
Career: Hotel Manager
Plans to work at: JW Marriott Hotel
Task: Overseeing daily operations, managing staff, and ensuring guests have a comfortable stay.
David Kim
Career: Event Planner
Plans to work at: Eventful Productions
Task: Planning and executing events, including weddings, corporate events, and fundraisers.
Jennifer Garcia
Career: Travel Agent
Plans to work at: AAA Travel Agency
Task: Helping clients plan and book trips that meet their budget and preferences, including flights, hotels, and activities.
Ryan Patel
Career: Restaurant Manager
Plans to work at: Olive Garden
Task: Managing the restaurant's budget, hiring and training staff, ensuring food quality and customer satisfaction.
Which characteristic is least appropriate for an emergency action plan
Answers
The least appropriate characteristic for an emergency action plan in a business context is inflexibility.
An emergency action plan is a crucial component of any business's preparedness and response strategy. It outlines procedures and guidelines to ensure the safety and well-being of employees, visitors, and assets during emergency situations. While there are several essential characteristics that an effective emergency action plan should possess, one characteristic that is least appropriate is inflexibility.
Here's an explanation of why inflexibility is not suitable for an emergency action plan:
1. Adaptability to Various Scenarios: Emergencies can vary in nature and severity, ranging from natural disasters to accidents or security threats. An effective emergency action plan should be adaptable to address different types of emergencies. It should provide guidelines and procedures that can be adjusted and tailored to specific situations, rather than being rigid and unyielding.
2. Real-Time Decision-Making: During an emergency, circumstances can change rapidly, requiring quick decision-making and flexibility. An inflexible plan may hinder the ability to make timely adjustments based on evolving conditions. A responsive and adaptable plan allows for real-time decision-making, taking into account new information and circumstances as they arise.
3. Employee Engagement and Ownership: Involving employees in the development and implementation of an emergency action plan is crucial for its effectiveness. Employees possess valuable knowledge and insights about their work environment and can contribute to identifying potential risks and appropriate response strategies. An inflexible plan may discourage employee engagement and ownership as it does not allow for their input and suggestions.
4. Continuous Improvement: An effective emergency action plan should be subject to periodic review and improvement. As new information, technologies, and best practices emerge, it is essential to update and refine the plan accordingly. An inflexible plan may hinder the process of continuous improvement, preventing the incorporation of new knowledge and advancements.
5. Legal and Regulatory Compliance: Emergency action plans often need to comply with specific legal and regulatory requirements. These requirements may change over time, necessitating updates to the plan. An inflexible plan may fail to meet evolving compliance standards, potentially leading to legal and operational risks.
In conclusion, an inflexible emergency action plan is not suitable for a business context. The plan should be adaptable, allowing for adjustments based on various scenarios, real-time decision-making, employee engagement, continuous improvement, and compliance with legal and regulatory requirements. Flexibility ensures that the plan remains relevant and effective in addressing emergencies while prioritizing the safety and well-being of individuals and the business as a whole.
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Keri has already installed Microsoft Office Tools. When she opens Excel, the first step toward making the Analysis ToolPak available is to
open Advanced Filter under the Data tab.
open Microsoft Office Help.
go to the Formulas tab and click More Functions.
go to the Excel Options dialog box.
Answers
Answer:
Open Microsoft Office Help.
Go to the Formulas tab and click More Functions.
Explanation:
Select File → select Options → select Advanced → scroll to General → insert the location in the "At startup, open all files in" dialog box.
Answer:
open Microsoft Office Help
Explanation:
:)
Goods that are excludable include both A. club goods and public goods. B. public goods and common resources. C. common resources and private goods. D. private goods and club goods.
Answers
The goods that are excludable are private goods and club goods. The correct answer to this question is option D.
The club goods are those goods that can be artificially scarce. These goods are non rival in nature but the excludability is quite high.
Private goods on the other hands are those goods that have their usage and consumption restricted to only one person or group.
Such goods can only be used by one party.
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If the government cuts taxes by 10 billion dollars and cuts spending by the same amount, rgdp will a. decrease by $10 billion.b. increase by $10 billion.c. remain the same.d. increase by some amount less than $10 billion.e. decrease by some amount less than $10 billion.
Answers
If the government cuts taxes by 10 billion dollars and cuts spending by the same amount, rgdp will d. increase by some amount less than $10 billion
If the government implements a plan to cut taxes and spending by a combined total of 10 billion dollars, the resulting change in real gross domestic product (rgdp) will be less than the amount that was cut.
This is due to the fact that reducing the amount of money circulating in the economy results in a decreased level of economic activity, which reduces the overall growth rate. It is important to note, however, that the exact amount of growth that will be lost as a result of this policy is difficult to predict.
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What can Lena do to avoid the risk of having short supplies in times of need?
Lena works in an artificial jewelry-manufacturing unit. It is a family run business and they have been depending on a single supplier for years. As Lena is a proactive person, she can avoid the risk of being in short supplies of raw material by keeping a (blank) supplier for every one main supplier.
Answers
Answer:
backup
Explanation:
The correct answer is "Backup"
When price increases, quantity supplied
Answers
Answer:
Why does quantity supplied increase when price increases? With increase in Price, Suppliers will provide a higher Quantity. If the Price is set above the Equilibrium Price, then the Quantity Supplied will be higher than the Quantity Demanded and there will be a surplus which will drive the Price back to the Equilibrium Price.
Explanation:
Lynn purchases a house for $52,000. She converts the property to rental property when the fair market value is $115,000. After deducting depreciation (cost recovery) expense of $1,130, she sells the house for $120,000. What is her recognized gain or loss
Answers
The selling price is higher than the adjusted basis, Lynn has a recognized gain of $69,130. To determine Lynn's recognized gain or loss from the sale of the rental property.
We need to calculate the adjusted basis and compare it to the selling price. The adjusted basis of the property is calculated by subtracting the accumulated depreciation from the original purchase price. In this case, the purchase price is $52,000 and the depreciation expense is $1,130. Therefore, the adjusted basis is $52,000 - $1,130 = $50,870. The recognized gain or loss is calculated by subtracting the adjusted basis from the selling price. The selling price is $120,000. Therefore, the recognized gain or loss is $120,000 - $50,870 = $69,130.
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pro-craft company computed the following activity rates to allocate overhead cost for the year.activity activity ratematerials handling $ 52 per materials requisitionquality inspection $ 42 per inspectionutilities $ 6 per machine hourduring january, the company produced the following two jobs. allocate overhead cost to each job using the activity rates.activity cost driver activity usagejob a job bmaterials requisitions 6 4inspections 9 5machine hours 310 210
Answers
Natural rate of unemployment=frictional unemployment rate+structural unemployment rate=2+3=5%
When someone is actively looking for work and is considered to be employable, they are said to be unemployed. People in the workforce who are employed but do not have suitable jobs are included in this group. Unemployment is one of the key measures of a nation's economic health and is typically expressed as the unemployment rate, which is calculated by dividing the number of jobless persons by the number of people in the labor force.
The term "unemployment" is frequently misunderstood because it includes people who are waiting to find work after being discharged but excludes people who have stopped looking for work in the last four weeks for a variety of reasons, including retirement, disability, personal issues, and leaving a job to pursue higher education. Additionally, persons who desire to work but are not actively looking for a job are not counted as jobless.
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Property taxes are assessed for $800,000. Ninety percent is assumed to be collected in the current period, six percent in the subsequent year, and the remaining is assumed uncollectable.
What are the journal entries?
Answers
When property taxes are assessed for $800,000, journal entries should be made. To properly record these journal entries, one should take note of the percentages that will be collected in the current period, subsequent year, and uncollectable amounts.
Assuming that 90% is assumed to be collected in the current period, 6% in the subsequent year, and the remaining is assumed uncollectable, the journal entries will be as follows:
Current Year: Debit: Property Taxes Receivable - $720,000 Credit:
Property Taxes Revenue- $720,000
Subsequent Year: Debit: Property Taxes Receivable - $48,000
Credit: Property Taxes Revenue - $48,000
Uncollectable amount: Debit: Property Taxes Receivable - $32,000
Credit: Allowance for Uncollectable Accounts - $32,000
In conclusion, the journal entries for when property taxes are assessed for $800,000 would be:
Current Year: Debit: Property Taxes Receivable - $720,000
Credit: Property Taxes Revenue - $720,000
Subsequent Year: Debit: Property Taxes Receivable - $48,000
Credit: Property Taxes Revenue - $48,000
Uncollectable amount: Debit: Property Taxes Receivable - $32,000
Credit: Allowance for Uncollectable Accounts - $32,000.
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how are cells strengthened in the brain
Answers
Answer:
Explanation:
when a neuron is active, the activity causes it to release netrin. The netrin acts to strengthen the connection between the neuron and a neighbouring neuron at the activated synaptic junction. Netrin's essential signal to the two neurons is 'Make the synapse stronger.
Vail is one of the largest ski resorts in the united states. suppose that on october 1, 2024, vail sells gift cards (lift passes) for $103,000. the gift cards are redeemable for one day of skiing during the upcoming winter season. the gift cards expire on april 1, 2025. customers redeem gift cards of $20,300 in december, $30,300 in january, $25,300 in february, and $15,300 in march.
1. record the sale of gift cards on october 1, 2024.
2. record the redemption of gift cards as of december 31, 2024.
3.record the redemption of gift cards in 2025 by preparing a summary entry as of march 31, 2025.
4. record the expiration (breakage) of gift cards on april 1, 2025.
Answers
Debit gift cards will be converted to credit gift cards at the following dates: October 1, 2024, December 31, 2024, March 31, 2025, and April 1, 2025. Debit gift cards will be converted to credit gift cards at the following dates: 15,300$ on March 31 and 37,100$ on April 1.
What details are printed on gift cards?It doesn't have to be difficult, and your customers will notice it more readily if it is more transparent. We advise writing your address, email, website, or other contact details on the gift card's back. You want to be discoverable by others.
What are gift cards and how do they operate?An alternative method of payment is a gift card. It is also like a gesture of goodwill for the customers.
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A customer asks an agent for a valuation of his securities portfolio. Because the agent does not want to cause the customer to panic and sell his shares at a loss, the agent inflates the value of the stock. Under the Uniform Securities Act, this action is A) permitted because the agent was not recommending a transaction B) permitted because the agent determined that selling the securities was not suitable C) not permitted because the agent must not attempt to influence the market value of a security D) not permitted because the agent must not deceive the customer by misstating a material fact
Answers
Answer: not permitted because the agent must not deceive the customer by misstating a material fact.
Explanation:
From the question, we are informed that a customer asks an agent for a valuation of his securities portfolio and that because the agent does not want to cause the customer to panic and sell his shares at a loss, the agent inflates the value of the stock.
It should be noted that under the Uniform Securities Act, this action is not allowed because the agent must not deceive the customer by misstating a material fact. An agent should not deceive a customer and ethical behavior is also required.
can someone help me with this please.
Answers
Answer:
sure
Explanation:
no image
A Bank with the following capital levels: common equity of 47,000, Tier 1 of 38,000, Tier 2 of 17,000. If total assets are 850,000 and risk adjusted assets are 650,000, the capital classification of the bank is
Answers
The capital classification of the bank would be "Adequately Capitalized" as its Tier 1 capital ratio.
To determine the capital classification of the bank, we need to compare its capital levels to the risk-adjusted assets. The capital classification is typically based on regulatory requirements and ratios set by the relevant financial authorities.
One common capital adequacy ratio used for classification is the Tier 1 capital ratio.
The Tier 1 capital ratio is calculated by dividing Tier 1 capital (including common equity) by risk-adjusted assets. Let's calculate the Tier 1 capital ratio:
Tier 1 capital ratio = (Tier 1 capital / Risk-adjusted assets) * 100
In this case:
Tier 1 capital = 38,000
Risk-adjusted assets = 650,000
Tier 1 capital ratio = (38,000 / 650,000) * 100
= 5.846%
Now, let's determine the capital classification based on the Tier 1 capital ratio:
Well-Capitalized: Tier 1 capital ratio ≥ 6%
Since the calculated Tier 1 capital ratio is 5.846%, it does not meet the well-capitalized threshold.
Adequately Capitalized: Tier 1 capital ratio ≥ 4%
The calculated Tier 1 capital ratio is above the adequately capitalized threshold, which is 4%.
Undercapitalized: Tier 1 capital ratio < 4%
Since the calculated Tier 1 capital ratio is above 4%, the bank is not classified as undercapitalized.
Therefore, based on the given information, the capital classification of the bank would be "Adequately Capitalized" as its Tier 1 capital ratio exceeds the minimum regulatory requirement of 4%.
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The seller told the listing broker that the seller's loan was assumable. Upon reviewing the seller's loan documents the listing broker found the mortgage was not assumable and the seller would have to pay off the mortgage upon sale. What clause did the listing broker discover upon reading the mortgage document
Answers
Answer:
Due on sale clause
Explanation:
A due on sale clause is the clause in which there is a promissory note or a loan that specified that the full balance could be called up at the time of sale or ownership transfer in order to protect the note
Therefore in the given situation, since it is mentioned that the seller has to pay the amount at the time of sale
So this represents the due on sale clause
if julie expects that her salary will double in 10 years, then what is the growth rate of her salary per year?
Answers
If Julie expects that her salary will double in 10 years, then growth rate of her salary per year is 7.2%., according to the doubling formula, Rule of 72.
What is a salary increase or growth?A salary increment is a percentage-based increase in an employee's yearly wage. Employers use salary increments to more equitably and easily grant yearly raises, while individuals use this % as a reference point when negotiating wage increases. The average annual pay increase has been between 3 and 5 percent during the past ten years.
However, it's crucial to be aware that a number of variables, such as the employee's profession and the industry or whether the raise is being provided in conjunction with a promotion, a new job, or a new title, might affect the number of annual raises. An employee typically receives a salary growth for a variety of reasons, including recognizing enhanced expertise or abilities, to reward the team member for taking on additional accountabilities and to recognize strong performance.
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Does an executor have to show accounting to beneficiaries?
Answers
An executor of an estate has a legal obligation to provide an accounting of their actions to the beneficiaries of the estate.
This includes keeping accurate records of all transactions made during the administration of the estate, including receipts and disbursements. The executor must be able to provide this information to the beneficiaries upon request, or as required by a court of law.
An executor is considered a fiduciary, meaning that they have a legal duty to act in the best interests of the beneficiaries and to manage the estate's assets with the highest degree of care, honesty, and good faith.
This duty of care requires the executor to maintain accurate records, provide regular updates to the beneficiaries, and be transparent about the estate's financial dealings.
In the absence of any specific instructions in the will or legal requirements, the executor should provide regular accounting statements to the beneficiaries to ensure that they are fully informed of the estate's financial status.
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QUESTION 7 of 20: Your savings account pays 2.5% interest per year. How much interest does the account pay per month.
a) .02%
b) 04%
c) 21%
d) 43%
Answers
Answer:
a) .02%
Explanation:
One year has 12 months.
The interest rate per year = 2.5%
Interest earned per month will be
=2.5% / 12
=0.02%
Answer:
c 21%
Explanation:
i got it right
What effect, considered related to the secondary effect of advertisement, occurs as an advertisement begins to lose its impact when it gots old?
The (blank) makes the advertisement lose its impact after it gets old.
Answers
Advertisement Rot - After a certain period from the conclusion of a product's advertisement campaign, the ad's viability starts to decay.
Advertisement Rot alludes to the diminish in consumers' penchant to purchase a specific item over a period after the promoting closes.
What is the impact of publicizing to a product?
Advertising makes a difference to create buyers mindful of a item and points to construct inclination for that item over its competitors. In case promoting succeeds in those two assignments, buyers will select the promoted item when they make their another buy.
What is an viable advertisement?
Effective publicizing comes to potential clients and advises them of your items or administrations. In a perfect world, publicizing ought to capture the planned clients considerations consideration and lure them to utilize your item.
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Projects should always be discounted at the firm's overall cost of capital.
a. True
b. False
Answers
The statement, projects should always be discounted at the firm's overall cost of capital is false.
If overall cost of capital is used by a firm in order to discount cash flows from higher risk projects, in the future it will not be beneficial for a firm as the firm will accept too many high-risk.
A high weighted average cost of capital typically signals higher risk which is associated with a firm's operations because the company is paying more for the capital that investors have put into the company.
It is researched that, as the risk of an investment increases, investors demand an additional return to neutralize the additional risk.
Hence, the projects should not always be discounted at the firm's overall cost of capital.
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Firms A and B plan to collude in an economy for their similar products, which includes the grim strategy for punishment. They plan to set the price of their product at $8. The marginal cost of Firm A is $5 and Firm B is $4.50. If firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, which of the following situations would likely occur? A. Firm B reduces the price to $7 causing Firm A to exit the market. B. Firm B reduces the price to $7 causing Firm A to reduce its price to $7. C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50. D. Firm A reduces the price to $7 causing Firm B to exit the market.
Answers
Answer: C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50.
Explanation:
Since firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, then Firm A will reduce the price to $7 causing Firm B to reduce its price to $4.50.
Since Firm A reduces the price to $7, this will lead to an increase in the quantity demanded of the product and therefore the firm can earn more profit. On the other hand, firm B will reduce its price to a point where the price meets the marginal cost which is $4.50.
The primary output of the planning cost management process is a change request. True or False
Answers
False. The primary output of the planning cost management process is not a change request.
The planning cost management process is a part of project management, specifically within the cost management knowledge area. Its purpose is to establish the framework and guidelines for how costs will be planned, estimated, budgeted, and controlled throughout the project lifecycle.
The primary output of the planning cost management process is the Cost Management Plan. This plan provides an overview of how the project's costs will be managed, including cost estimating techniques, cost control measures, and the overall cost baseline. It outlines the processes, tools, and methodologies that will be used to monitor and control costs effectively.
While a change request is an important component of project management, it is not the primary output of the planning cost management process. Change requests typically arise during project execution when there is a need to modify the project scope, schedule, or resources due to unforeseen circumstances or evolving requirements. The planning cost management process, on the other hand, focuses on setting up the cost management framework and guidelines before the project execution phase begins.
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Brands can seed many forms of content in social communities as they try to boost engagement and sharing. ______ offer a way for brands to invite consumers to engage and interact while they develop shareable content.
Answers
Social media offer a way for brands to invite consumers to engage and interact while they develop shareable content.
What is a Brand?A brand is an intangible marketing concept that helps people identify a company, product, or individual. People often confuse brands with things like slogans, or other recognizable marks, which are marketing tools that help promote goods and services.
Thus, Social Media plays a vital role in encouraging a brand, and through social media, brands can seed many forms of content in social communities as they try to boost engagement and sharing.
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The graph presents a production possibilities curve, or frontier, PPF for the nation of New Carnitas. Each point on this curve represents a combination of steak and potatoes that this country can produce given its resources and technology. Based on the information in the graph, place the points as indicated.
Point A is an attainable and efficient combination of steak and potatoes.
Point B is consistent with the full employment of available resources.
Between points C and D, the opportunity cost of 1 pound of steak is 2 pounds of potatoes.
Between points E and F, the opportunity cost of 1 pound of potatoes is 3 pounds of steak.
Point G represents an unattainable combination of steak and potatoes.
Point H represents an inefficient use of New Carnitas's resources.
Answers
Given that the graph is not shown here these are the basic points in a production possibility curve.
The attainable point in a production possibility curve
This is the point that lies on the curve of the PPC. This point can be produced by the resources that are available at the moment.
The full employment of resources on the PPCThis is the point that has all the resources in the economy being used in the production of goods and resources.
The unattainable point in a PPCThe unattainable point in the curve is the point that is outside of the curve. At this point the resources available cannot be used for production.
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A financial institution offers you a one-year certificate of deposit with an interest rate of 5 percent. you expect the inflation rate to be 4 percent. what is the real return on your deposit?
Answers
The real return on your deposit can be calculated by subtracting the inflation rate from the interest rate. In this case, the real return would be 1% (5% - 4% = 1%).
An interest rate is the percentage at which a lender charges for borrowing money or the return earned on an investment. It represents the cost of borrowing or the reward for investing funds. Interest rates are influenced by various factors such as inflation, central bank policies, market conditions, and the creditworthiness of borrowers. They impact borrowing costs for individuals and businesses, determine the affordability of loans and mortgages, and affect investment decisions. Central banks often use interest rates as a tool to control inflation and stimulate or restrain economic growth.
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Your Objective line should be the same for every application
O True
False
Answers
Answer: False
Explanation:
It depends on the type of work, the objective line must change since each company pursues different things and although it is true that the person who applies can look for something similar in each of them, the position they get may not correspond to what she aims. It is important to align the objective with the position and this is done depending on the company.
4. People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
(c) Both of the above
(d) None of the above
Answers
Answer:
(b) Common objectives
Explanation:
People and departments in an organization perform different functions, but all focus on achieving its objectives. An organization's top management sets the goals and targets for a particular period. It then identifies specific actions that need to be accomplished to achieve the set goals.
The identified actions are distributed to various departments for implementation. Each department will break down its activities into small tasks and assign them to individual workers. Every employee will be working to achieve their set objectives. If all workers achieve their targets, the departments will meet their objectives, and so is the organization's goals.
Uber is considering adding a service to their current offering. Instead of picking up people and taking them to their destination, Uber is thinking about adding a local pickup and delivery service for things such as documents, packages, and food products. With Walmart now offering pickup grocery service, a person could order and have Uber actually do the pickup and delivery. Focus groups indicate that there is a potentially large demand for this service. Before introducing this across the Uber system, Uber has chosen to try the service out in Phoenix and St. Louis. The pickup and delivery service is in the_________ stage of the new-product development.
Answers
Answer:
test market
Explanation:
From the question, we are informed about Uber who is considering adding a service to their current offering. Instead of picking up people and taking them to their destination, Uber is thinking about adding a local pickup and delivery service for things such as documents, packages, and food products. With Walmart now offering pickup grocery service, a person could order and have Uber actually do the pickup and delivery. Focus groups indicate that there is a potentially large demand for this service. Before introducing this across the Uber system, Uber has chosen to try the service out in Phoenix and St. Louis. In this case, The pickup and delivery service is in the test market stage of the new-product development.
In domain of marketing, A test market can be regarded as a geographic region as well as demographic group that is utilized in guaging of the viability of a particular product/service in the mass market before porting to a wide scale roll-out.
can someone help me? got till the end of the day :/
Answers
Answer:
A
Explanation: