The formula is
A=p (1+r)^t
A future value 214800
P current value 36900
R rate of increases 0.06
T time?
We need to solve for t
T=log (A/p)÷log (1+r)
T=log(214,800÷36,900)÷log(1+0.06)
T=30 years
Answer:
idea generation; commercialization
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
A product life cycle can be defined as the stages or phases that a particular product passes through, from the period it was introduced into the market to the period when it is eventually removed from the market.
Generally, there are four (4) stages in the product-life cycle;
1. Introduction.
2. Growth.
3. Maturity.
4. Decline.
Although there are numerous stages in the new-product process, business firms typically develop a strategy that's in tandem with their set goals and objectives, then start idea generation such as brainstorming on how to produce the product, branding, specifications, etc., and continue the process through the final step of commercialization, which is the stage where the product is introduced into the market for the consumers to buy.
Answer:
The cost of the machine will be $85,358.88
Explanation:
To calculate the present value of the machine is given by:
Present value=$16000*Present value of annuity factor(10%,8)
=$16000*5.33493
= $85,358.88
Answer:
There are both internal and external elements that are going to affect the supply chain design of a company like Crayola for its expansion. The external pressure will be created through external forces that can have an adequate amount of pressure created through suppliers and others where internal pressure can be created by the management itself in order to construct a prominent supply chain design.
Explanation: External pressure are
1. Suppliers
2.distributors
3.Consumers
4 External risk factors
1. Suppliers and the availability of suppliers within the market of expansion play an important role in the determination of the supply chain design within a market.
2. Distributors: As the company is new in the market it will have to establish its market in the region in this regard distributors are very important they are the ones that will help the company in supplying finished goods from the manufacturing point to retailers and customers.
3.customer is an external force that will be affecting the supply chain design of the company.
4. External risk factors: In every market, there is a risk that is associated with the companies operating in it reeks of economic distress and others as well.
Now there are some internal factors as well which will affect the overall supply chain design of Crayola in the new market and they are as follows:
1. Company strategy: it can be said that the company’s decision will tend to affect the supply chain design the company will follow in the current market
2.Management: The management of the company plays a vital role in the supply chain process of a company. It can be said that through management the overall supply chain design is managed hence the management will have an effect on the supply chain design.
3. Workforce: Workforce of the company is very much an evident part of the company’s manufacturing and marketing process. The workforce of the company determines the effect of the firm in terms of its operation and supply chain management.
Answer:
Longer periods of unemployment for their workers.
Explanation:
Unemployment is when people who are willing and able work do not have jobs
Types of unemployment
structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.
Frictional unemployment: the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.
Voluntary unemployment: e.g. worker at a fast-food restaurant who quits work and attends college.
Cyclical unemployment: it occurs as a result of fluctuations in the economy. Unemployment would be high in a downturn and low in a boom
If a government gives generous unemployment insurance programs, there would be less incentive to find jobs because one of the main reasons why people would want to work is to have money. If the government provides generous pay to the unemployed, there would be less motivation to work and unemployment increases
