There are different types of prototype decisions. Cereal is an example of a consumer product, where many low cost comprehensive prototypes are built since the product has high market risk.
There are different kinds of Prototype Decision when looking at the technical risk compared to the prototype cost. They are:
- Low risk - low cost (printed stuff)
: Here, there is no need for comprehensive prototypes.
- Low risk - high cost (ships, buildings)
: Here, there is no way one can afford comprehensive prototype.
- High risk - low cost (software)
: Here, there a a lot of comprehensive prototypes.
- High risk - high cost (airplanes, satellites)
: This often make use of analytical models a lot, have a well throughout planned of comprehensive prototypes
Prototyping is simply known to be the estimation or approximation of the product with its one or more areas of interest. It has 2 kinds which are Physical prototypes vs. analytical prototypes
, Comprehensive (with all the attributes of a product) vs. focused.
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Answer: c. An inside director is a board member who also holds a managerial position in the company
Explanation:
Inside Directors are indeed Board members who are employees/ hold managerial positions in the company.
They are in a unique position to help the board in Corporate Governance because as they are on the ground, they have specialized knowledge of the company and as such can provide complete information to the Board.
They typically include a Company's top executives such as the CEO, CFO and the COO.
Answer:
Level of sales in dollars in order to generate a profit of $54,000 Fixed cost + Target profit/Contribution per unit $270,000 + $54,0000/0.75
= $432,000
Number of units to be sold
= Level of sales/Selling price
= $432,000/$36
= 12,000 units
The correct answer is A
Explanation:
In this case, we need to calculate level of sales in dollars, which is fixed cost plus target profit divided by contribution margin ratio. Then, we will calculate no of units to be sold, which is the level of sales divided by selling price.
Answer:
Answer letter C.
Trade in service can provide traditional and new export opportunities
A business plan would help small business owners to know how to operate the business, achieve goals and what activities need to be conducted in case they missed anything out. It helps a business to plan out and conduct business operations.
