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astra-53 [7]
3 years ago
10

In 1990 ____ of new product development projects were next generation, break through products and by 2004 ___ were next generati

on, break through products according to Professor Cooper.
Business
2 answers:
stealth61 [152]3 years ago
8 0

Answer: 20% ; 12%

Explanation: Firms establish series of successful products over time in order to maintain consistent streams of sales, or growth sales. This process is called new product development and it is defined as the total process of bringing new products to market and is often done through innovation. In 1990, according to Professor Cooper, twenty percent (20%) of new product development projects were next generation (expected or intended to supersede present-day products), break through products and by 2004 twelve percent (12%) were next generation, break through products.

Ksju [112]3 years ago
7 0

Answer:

In 1990, 20 percent (20%) of new product development projects were next generation, break through products and by 2004 , 12 percent (12%) were next generation, break through products according to Professor Cooper.

Explanation:

According to Professor Cooper, In 1990, 20 percent (20%) of new product development projects were next generation, break through products and by 2004 , 12 percent (12%) were next generation, break through products according to Professor Cooper.

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Davis Florist has two employees, Anita and Jerome, and two tasks that need to be completed, floral arrangements and floral deliv
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a. (Anita, Jerome) __Jerome____ absolute advantage in floral arrangements. __Jerome____ (Anita, Jerome) has an absolute advantage in deliveries.

b. Anita’s opportunity cost of making one floral arrangement is ___0.75__

( 1.33, 0.75, .33, 3) deliveries. Anita’s opportunity cost of making one delivery is __1.33_ (1.33, 0.75, .33, 3) floral arrangements.

c. Jerome’s opportunity cost of making one floral arrangement is ___0.33__(.75,3,1.33..33) deliveries. Jerome’s opportunity cost of making one delivery is 3 (3, 1.33, .75, .33) floral arrangements.

d. (Jerome, Anita)_Jerome____ has a comparative advantage in floral arrangements. (Jerome, Anita)__Anita___ has a comparative advantage in deliveries.

e. Suppose that, initially, both Jerome and Anita spend four hours each day doing floral arrangements and two hours each day doing deliveries. Now suppose they change their tasks, so that each individual does nothing but the task in which she or he has a comparative advantage. How many more floral arrangements and deliveries could they produce each day?

____4_____ additional floral arrangements

____5____ additional deliveries

Explanation:

a) Data and Calculations:

Time it takes Anita to finish one floral arrangement = 30 minutes

Time it takes Anita to make a delivery = 40 minutes

Time it takes Jerome to finish one floral arrangement = 10 minutes

Time it takes Jerome to make a delivery = 30 minutes

b) Absolute Advantage: Jerome will finish 3 floral arrangements (30/10), whereas Anita can only finish 1 in 30 minutes.

c) Anita's opportunity cost is the time it will take her to make a delivery using the same time it takes her to finish one floral arrangement.  In 30 minutes time, she can only make (30/40) 0.75 deliveries.  Using 40 minutes of making a delivery, she can finish 1.33 (40/30) floral arrangements.

d) Anita's comparative advantage in making deliveries is based on her opportunity cost when compared with Jerome's opportunity cost of making deliveries.

                                          Floral            Delivery      Total hours

                                    Arrangement

e) Total time spent by

   Anita                                4 hrs              2 hrs          6 hrs

   Jerome                            4 hrs              2 hrs          6 hrs

                                                        Anita                  Jerome      Total

Number of floral arrangements     8 (240/30)        24 (240/10)   32

Number of deliveries                      3 (120/40)           4 (120/30)     7

                                                         Anita                  Jerome

Number of floral arrangements       0                       36 (360/10)  36

Number of deliveries                        12 (360/30)        0                 12

4 0
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