WGU C723 Exam Review Questions and answers, Comprehensive. Rated A+. 2024 CONTENT MASTERY ( LATEST UPDATE)

WGU C723 Exam Review Questions and answers, Comprehensive. Rated A+ A car stereo company is planning to introduce a new product into the market. It faces stiff competition from two other organization with similar products. The company's marketing manager has asked the production manager to perform a break-even analysis using three different price points. The marketing manager will use the results to set a price for the new product. Which type of method is a break-even analysis? • Quantitative • Qualitative • Payback Table • Expert Judgment - -Quantitative LA - -LA A local music store that hosts live music has been a very popular hangout for years. However, the owner is concerned that the increasing popularity of new methods of music delivery will soon make the business obsolete. The owner is considering building a small recording studio in the basement of the store. The nearest professional studio is 50 miles away, so a new studio may appeal to local musicians and increase foot traffic. The owner has all the costs of building the studio and also estimated how much revenue might increase due to the new studio (from studio rental fees, increased food and drink sales if more people come to the live music shows, etc.). The owner will use this information to determine net present value for the studio. Which method of analysis should this owner use to make a determination? • Qualitative • Quantitative • Decision tree • Expert judgment - -Quantitative How should quantitative analysis improve subsequent decision making for a firm that wants to determine whether its revenue has been increasing or decreasing for the past 10 years? • It will let the company determine the average revenue it made • It will help the company see which customers bought its item • It will help the company see why it has been making a profit. • It will help the company see the competitors' average revenue. - -It will let the company determine the average revenue it made An employee working for the Highway Safety Department in Albany, New York has the job to predict the automobile accidents in Albany for the next year. The employee currently has monthly data on the following variables for the city of Albany: the number of automobiles registered, the sales of alcoholic beverages, and the rainfall in inches. How can this employee realistically predict the accidents in Albany for next year? • Use a multiple regression equation using accident as the dependent variable and others as independent variable • Use a multiple regression equation using automobiles registered as the dependent variable and others as independent variables • Use the ratio of accidents versus each of the other variables and then average the three value • Use the sales of alcoholic beverages because the other variables are less significant - -Use a multiple regression question using accident as the dependent variable and others as independent variables A marketing manager for a corporation that markets a broad range of food brands needs to plan a monthly marketing, advertising, and sales promotion budget for next year and is looking at monthly sales. One brand shows dramatic fluctuations in sales over the past three years. How should this manager use quantitative analysis to make budgeting decisions for this brand? Use average sales values for all of the months over the past two years Use last year's budget amounts regardless of average sales values Compute quarterly averages based on each month in the quarter Compute seasonality indices for each month to forecast next year's monthly sales - -Compute