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2 years ago

What kind of risk is associated with product innovations in the early stage that design thinking helps to mitigate?.

1 answer:

7 0

Financial risk is the kind of risk connected to early-stage product developments that design thinking helps to reduce.

<h3>What is meant by risk?</h3>

Risk is the possibility of anything going wrong. It concerns the ambiguity surrounding the actions' consequences. Risk is the price a businessman pays to make money.

The risk connected to the organization's financial resources is known as financial risk. It appears during the product development process.

Therefore, it can be stated that financial risk is a type of risk that can be reduced by creative thinking when it comes to early-stage novel concepts.

Thus, Financial risk is the kind of risk connected to early-stage product development.

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3 years ago

At a price of $200, a cell phone company manufactures 100000 phones. At a price of $300, the company produces 300000 phones. Wha

valkas [14]

Answer:

2.5

Explanation:

P1=$200

P2=$300

S1=100000

S2=300000

The percentage change in price is:

$\Delta P =\frac{300-200}{\frac{200+300}{2}}=0.4=40\%$

The percentage change in supply is:

$\Delta S =\frac{300000-100000}{\frac{100000+300000}{2}}=1=100\%$

The price elasticity of supply is given by:

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3 years ago

In economics a computer bought by a firm for its account keeping is classified differently to a computer bought by an individual

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Answer:

Explanation:

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2 years ago

Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient

RSB [31]

Answer:

1. Cost of the old X-ray machine - SC

2. The salary of the head of the Radiology Department - None

3. The salary of the head of the Pediatrics Department - None

4. Cost of the new laser printer - DC

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6. The cost of maintaining the old machine - DC

7. Benefits from a new DNA analyzer - OC

8. Cost of electricity to run the X-ray machines - DC

Where,

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DC - Differential cost

OC - Opportunity cost

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3 years ago

Capacity conciderations in a hospital

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