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tino4ka555
14 days ago
13

You work in the marketing research department of Burger King. Burger King has developed a new cooking process that makes the ham

burgers taste better. However, before the new hamburger is introduced in the market, taste tests will be conducted. How should the sample size for these taste tests be determined? What approach would you recommend? Justify your recommendations to a group of students representing Burger King management
Business
1 answer:
marusya05 [3.1K]14 days ago
8 0

Answer with its Explanation:

The initial step is to ensure a diverse sample size that incorporates individuals from various cultures, geographic locations, religions, genders, and more, aiding in the optimal assessment of the product's market viability.

The second step involves determining a sample size to gather customer feedback within the required confidence interval that Burger King aims for. For instance, if Burger King targets a 93% customer satisfaction rate, the acceptable error margin can be established using the confidence interval. This sample size will be derived using a practical methodology.

The third step ensures that prediction errors remain reasonably low by implementing a practical method, confidence interval strategy, and diverse test samples. Altogether, this will provide the company with reliable data for informed decision-making.

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Draw a graph which depicts long run equilibrium of transnet
stepan [3035]
Although I can't create a graph in this dialog box, I will describe the long-run equilibrium for Transnet. In economics, long-run equilibrium is concerned with the timeframe during which resources are still obtainable, as well as the associated costs and production volumes. 
7 0
1 month ago
Universal Electronics, Inc. (UEI), which started operations one year ago, has two divisions: Consumer and Commercial. Both divis
Scilla [3310]

Answer:

Both divisions are showing equal performance with an ROI of 14%.

Explanation:

The financial figures given have been organized as follows:

                                      Consumer ($)            Commercial ($)

Sales revenue                         22,000                    37,000

Divisional income                       3,850                     3,885

Divisional investment                27,500                   27,750

Current liabilities                      1,000                     800

R&D                                          1,000                   1,000

The resulting calculations are as follows:

Divisional ROI = Divisional income / Divisional investment

Consumer division ROI = $3,850 / $27,500 = 0.1400, or 14%

Commercial division ROI = $3,885 / $27,750 = 0.1400, or 14%

This illustrates that investment returns are equal at 14% for both divisions.

8 0
25 days ago
Green Caterpillar Garden Supplies Inc. just reported earnings after tax (also called net income) of $9,250,000 and a current sto
arsen [3029]

Answer:

$9.71

Explanation:

The calculations for the share price are outlined below:-

Current EPS = Net Income ÷ Total Common Shares

= $9,250,000 ÷ 5,500,000

= $1.68

Current P/E ratio = Current stock price ÷ Current EPS

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Projected EPS for next year = $9,250,000 × 1.25 ÷ 8,500,000

= $1.36

Forecasted stock price for next year = $1.36 x 7.14

= $9.71

6 0
26 days ago
(Prepared from a situation suggested by Professor John W. Hardy.) Lone Star Meat Packers is a major processor of beef and other
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7 0
15 days ago
Your friend’s mother just moved to an assisted living facility and he asked if you could present a program for the residents abo
arsen [3029]

Answer:

the right response is

A. You appreciate the opportunity and would be delighted to set up an appointment with anyone who requests it.

good luck

3 0
1 month ago
Read 2 more answers
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