One of the potential benefits to a firm of introducing new-to-the-world products or services is cost savings.
<h3>What is cost savings?</h3>
Cost savings are benefit that are derived from a production process.
They are generated from actions that reduce the overall spending on production or assets.
This has a positive impact on the company's account.
A new products is likely to run on a low budget compares other products with many competitors.
Therefore, One of the potential benefits to a firm of introducing new-to-the-world products or services is cost savings.
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I would say that Eddie is making an inventory which basically is what do I have on hand ie what specific items and how much of each ie feet of pipe at a certain diameter etc and also what is missing and what will I have to order and what will it cost and what alternate suppliers are there to find the cheapest but best supplier? This is a wise idea for an industrial project so that one ensures one will have all the supplies and equipment necessary, and with the correct specifications.
· One of the biggest ethical concerns, which often also becomes a legal issue, is the appropriate use of technology. As technology advances in its capabilities, age-old ethical questions are raised and brought into the realm of public discussion.
The answer is <u>"to enhance external validity".</u>
External validity is the validity of summed up (causal) inferences in scientific research, normally in view of examinations as experimental validity. It is the degree to which the aftereffects of an investigation can be summed up to different circumstances and to other people. Mathematical examination of external validity concerns an assurance of whether speculation crosswise over heterogeneous populaces is plausible, and contriving measurable and computational strategies that create substantial generalizations.
Normally customer does comparison shopping between consumer goods
