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gtnhenbr [62]
3 years ago
8

If estimating the amount of time to design a new​ product, should you err on the high side or the low​ side?

Business
1 answer:
ad-work [718]3 years ago
7 0
<span>In general, you should err on the high side when making an estimate. Now the question is why? Consider what happens when the design is finished. If your error was on the low side and management created a schedule based upon your estimate, that means that your design is finished later than the schedule management made. So the production schedule slips, and people who were scheduled to handle your new design are left idle. And trust me, when the schedule slips, a lot of attention and pressure are brought to bear in order to attempt to "make up" for lost time. Overall, the adverse effects are quite large and sometimes quite expensive. If your error was on the high side, that means that the design is finished ahead of schedule. Management is happy. And more time is available for testing and possible refinement of the design. Or as a pithy bit of wisdom a craftsman once told me. "If you tell the customer it will take a week and it takes 8 days, they're gonna be mad and scream at you, but if you tell them that it's going to take 2 weeks and you deliver in 10 days, they're gonna kiss you."</span>
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One of the disadvantages of using customer value propositions is that they are complex and difficult to understand. True False
Fed [463]

It is false that using customer value propositions is that they are complex and difficult to understand.

<h3>What is customer value proposition?</h3>

Customer value proposition is a type of business statement that entails detailed information why a customer need to buy a product or use a service. The main target of customer value proposition is their potential customers rather than other groups like employees, partners or suppliers.

Therefore, It is false that using customer value propositions is that they are complex and difficult to understand.

Learn more about customer value proposition below.

brainly.com/question/14838659

8 0
2 years ago
Schiller Corporation will pay a $2.78 per share dividend next year. The company pledges to increase its dividend by 4.5 percent
cupoosta [38]

Answer:

The Market price for the stock will be 26.48 according to the gordon dividend grow model.

Explanation:

We will calculate the stock price, using the gordon model for the dividend grow model:

\frac{divends}{return-growth} = Intrinsic \: Value

D1 = 2.78

return = 15%

grow =    4.5%

\frac{2.78}{0.15-0.045} = Intrinsic \: Value

Stock market = 26,47619 = $26.48

7 0
4 years ago
Judy purchased a speedboat for $120,000. She was willing to pay $150,000. After a few years, she wanted to sell the boat for $85
salantis [7]

Options:

A. Judy's producer surplus is $270,000

B. Judy's producer surplus is $5000

C. Gary's Consumer surplus is $5000

D. Judy's consumer surplus is $30000.

Answer:

B. Judy's producer surplus is $5000

D. Judy's consumer surplus is $30000.

Explanation: Surplus is a term used to describe the amount spent in excess of the Actual worth of a given asset or a material, the asset or material can either for business, convenience or for leisure.

Producer surplus is the amount which a producer expected to be paid for the supply or production of a particular product and the amount received after supply.

JUDY'S PRODUCER SURPLUS= ACTUAL AMOUNT IT WAS SOLD-THE AMOUNT THE PRODUCER IS WILLING TO SELL

=$90,000-$85,000

=$5,000.

Consumer surplus is the difference between the amount a Consumer is willing to pay for a good or service and the actual amount paid.

CONSUMER SURPLUS= THE AMOUNT THE CONSUMER IS WILLING TO PAY- THE AMOUNT THE CONSUMER PAID

$150,000-$120,000

=$30,000.

8 0
4 years ago
Imagine that Art's Flower Shop has blossomed into a large, sophisticated corporation, that advertises in the yellow pages and al
weqwewe [10]

Answer:

B. that the printer's conduct was gross negligence

Explanation:

In order to win its case, Art's will have to prove that the printer's conduct was gross negligence

4 0
3 years ago
Item7 Item 7 Boccardi Inc., has invested in new pasta manufacturing equipment at a cost of $48,000. The equipment has an estimat
JulsSmile [24]

Answer:

12.5%

Explanation:

Accounting rate of return = (Net Income / Equipment cost) * 100

Accounting rate of return = ($6000/$48000)*100

Accounting rate of return = 0.125 * 100

Accounting rate of return = 12.5%

So, the estimated accounting rate of return is 12.5%.

6 0
3 years ago
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