Product design is cross-functional, knowledge-intensive work that has become increasingly important in today's fast-paced, globally competitive environment. It is a key strategic activity in many firms because new products contribute significantly to sales revenue. When firms are able to develop distinctive products, they have opportunities to command premium pricing. Product design is a critical factor in organizational success because it sets the characteristics, features, and performance of the service or good that consumers demand. The objective of product design is to create a good or service with excellent functional utility and sales appeal at an acceptable cost and within a reasonable time. The product should be produced using high-quality, low-cost materials and methods. It should be produced on equipment that is or will be available when production begins. The resulting product should be competitive with or better than similar products on the market in terms of quality, appearance, performance, service life, and price.
Answer:
The correct option is A. Need or Deficiency.
Explanation: A need is something that is necessary for an individual to function and live properly, while deficiency can be used to denote a state of lack. Our needs are often the motivating factor behind us working to earn a living, however, different people work for different reasons.
In the scenario presented above, we can see that Madeline is motivated to take on more clients due to the fact that she perceives that her needs will increase.
Therefore, the correct option to this question is that Madeline's motivation is due to need or deficiency.
Answer:
B.
Explanation:
Coca-Cola was trying to build new core competencies to protect and extend their current marketing position.
The Herfindahl index equals sum of the squared percentage market shares of all firms in an industry.
<h3>What is Herfindahl index?</h3>
The Herfindahl Index can be regarded as the common measure of market concentration which is used in measuring the market in term of the competition.
In calculating this Herfindahl Index, we can determine the pre- and post-M&A and equals sum of the squared percentage market shares .
Learn more about Herfindahl index at; brainly.com/question/15701307
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Answer:
Unitary cost= $62.5
Explanation:
Giving the following information:
Predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the year, manufacturing overhead and direct labor-hours for the year were estimated at $50,000 and 20,000 hours.
Materials costs on the job totaled $4,000 and labor costs totaled $1,500 at $5 per hour.
First, we need to determine the allocated MOH:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 50000/20000= $2.5 per direct labor hour
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base= 2.5* (1500/5)= $750
Total cost= 4000 + 1500 + 750= $6,250
Unitary cost= 6250/100= $62.5
