Answer to Question #189521 in Finance for Joy

Question

Discuss measurement concept in order to measure the above-mentioned variables and discuss how you should measure all the variables that you have identified. Need proper justification for your proposed measurement technique as well.

Answer 1

Raw material cost will be measured as is available in the procurement list. The effect of marketing strategy will be understood through the qualitative analysis which can be conducted through surveys and interviews. Product variety effect can be observed by studying the sales and profits from each product in different markets.