WGU Pre-Assessment C723, Exam Review Questions and answers, 100% Accurate 2024

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 Including an open-ended question on the intake form asking patients, "Please explain why you selected this ER for treatment." Intake forms can be sorted into non-emergency and emergency categories; the "non-emergency" responses can be analyzed to determine reasons the hospital was selected. - - Qualitative Group brainstorming with the nurses and doctors in the hospital to see what ideas people have for why so many people are suddenly coming to the ER for non-emergency treatment. - -Qualitative Pulling the hospital's records for the last 10 years and sorting by medical codes to check for similar patterns in past years. A regression model can be built using non-emergency treatments as the dependent variable, and various independent variables can be tested, such as population change and unemployment levels. - -Quantitative 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? - -Quantitative