1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
77julia77 [94]
3 years ago
12

The company that you manage has invested $5 million in developing a new product, but the development is not quite finished. At a

recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales of your new product to $3 million. If it would cost $1 million to finish development and make the product, should you go ahead and do so? What is the most that you should pay to complete development?
Business
1 answer:
ycow [4]3 years ago
7 0

Answer: It depends on the variety of products that you sell. Besides, if you want to gain market share against your competitors maybe you should make this effort. But it depends on the cost of opportunity that you analize according to your cash and profits.

Explanation: Each situation should be analyzed taking into consideration the company and its market. Nowadays most of the companies are open systems that interact with different stakeholders such as competitors, suppliers, etc. If you want to gain market share you should either displace your competitors or attract the new demand.

You might be interested in
The parts of an organization's infrastructure, human resources, technology, and procurement that make the delivery of the firm's
alexdok [17]

Answer:

support

Explanation:

The operation of any organization includes 2 part: main activities and support activities.

Whilst main activities are to deliver the purpose of business (profit or any social purposes), but these main activities can't smoothly run without support activities from  human resources, infrastructure layout, technology....

7 0
3 years ago
To pay for your​ education, you've taken out ​$29,000 in student loans. If you make monthly payments over 10 years at 7 percent
Scrat [10]

Answer:

$169.07

Explanation:

Data provided in the question:

Loan amount = $29,000

Time  = 10 years

Interest rate = 7% compounded monthly

Therefore,

Interest rate per period, r = 7% ÷ 12 = 0.583% = 0.00583

number of periods, n = 10 × 12 = 120 months

Now,

Loan amount = Monthly payments × [ { 1 - (1 + r )⁻ⁿ } ÷ r]

on substituting the respective values, we get

$29,000 = Monthly payments × [ { 1 - (1 + 0.00583 )⁻¹²⁰ } ÷ 0.00583]

or

$29,000 = Monthly payments × 171.53

or

Monthly payments = $169.07

7 0
3 years ago
​(A) What price should the company charge for the​ phones, and how many phones should be produced to maximize the weekly​ revenu
vladimir1956 [14]

Answer:

2500 phones produced at $250 per phone

Max weekly revenue would be $625,000.

Explanation:

p = 500 - 0.1x

p is the price per unit

revenue = quantity * price/unit  

R(x) = revenue = p(x)*x = 500x - 0.1x²

p(x) maximum when first derivative is set to 0

500 - 0.2x = 0 ==> x = 500/0.2 = 2500 quantities

price/unit : p = 500 - 0.1*2500 = 500 - 250 = 250

revenue :  

r(2500) = 500*2500 - 0.1*2500²

r(2500) = 2500(500 - 250) = 625000

The company should produce 2500 phones each week at a price of $250

The maximum weekly revenue is $625000

6 0
3 years ago
Why is gross profit more important than net profit
kozerog [31]
Gross profit shows how much money you made in relation to the cost of goods sold, this calculation is very important when you need to know wether a product is profitable or not. Net profit also substracts the expenses (building machinery,etc).
4 0
3 years ago
"At High Flyer Airlines, managers rate their subordinates on a continuum from 1 to 7. A score of 1 indicates unsatisfactory perf
Vladimir [108]

Answer:

<h2>The answer,in this case would be <u>Graphic Rating Scale or Likert Scale</u>.</h2>

Explanation:

  • In a statistical research study,rating scale or likert scale is used indicate the intensity of magnitude of any variable or phenomenon related to the concerned research topic.
  • Rating scale or likert scale is commonly used in statistical research methods such as surveys or questionnaire where various options are presented to the respondents or participants and a corresponding numerical value associated with each response options.
  • The response options are scaled or ranked numerically according to the intensity or magnitude of the variable or the phenomenon which is included in the survey or questionnaire question.
  • In this instance,the subordinate performance has been scaled or ranked on a rating or likert scale from 1 to 7 which represent the numerical values associated with each rank or scale.
3 0
3 years ago
Other questions:
  • A recent survey shows that people are retiring at the mean age of 60 and standard deviation 2.5. What proportion of people are r
    11·1 answer
  • Five friends​ (a, b,​ c, d, and​
    11·2 answers
  • A baseball player got 102 hits in the last 300 times at bat. Explain how you would find the percent of times the baseball player
    7·2 answers
  • Diversification cannot reduce market risk. <br> a. true <br> b. false
    13·1 answer
  • In general, what are the benefits of the Internet to (i) the business person, (ii) an organization, (iii) a nation and (iv) a gl
    11·1 answer
  • Depreciation is the accountant's estimate of the cost of ______ used in the production process matched with the benefits produce
    9·1 answer
  • Choose the statement about ITQs that is correct.
    14·1 answer
  • What happens in your retirement if you have a lapse in your years of work history?
    14·1 answer
  • Durable goods $3,000 Services 6,000 Business purchases of capital goods 400 Fixed investment 850 Exports 600 Imports 800 Nondura
    9·1 answer
  • MC Qu. 17 Tower Company planned to produce 3,000 units... Tower Company planned to produce 3,000 units of its single product, Ti
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!