The new product development approach is intuit using the customer-centered new product development. It is defined as when the companies directly engage their customers. They will go out to the customer and ask questions and receive customer opinions. Chang Wook goes out to job sites and talks to workers. This approach has twice the return on assets and triples the growth than if you didn’t do the research
Answer: A consequence of their failure is that, relative to the outcome the vendors would like,
<em><u>(i) the quantity of hot dogs supplied is closer to the socially optimal level. </u></em>
<em><u>(ii) the price of hot dogs is closer to marginal cost. </u></em>
In this case the hot vendor are relatively creating externalities. i.e. Hot dog vendors on the beach fail to cooperate with one another on the quantity of hot dogs they should sell to earn monopoly profits.
We can conclude that Michael's budget constraint will shift out but remain parallel to the old one.
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Explanation:</u></h3>
The ability of a person in spending a unit of money in purchasing a product r devices refers to the purchasing ability of that person. Purchasing power determines the quantity if goods and services that can be purchased by the individuals of an economy. The main factor that determines the purchasing power of an individual is the inflation rate.
In the given example, the ability of Michel in purchasing pizzas or submarine sandwiches is explained. When the pizza and submarine sandwiches prices gets doubled, the income of Michel triples. From this we can conclude that Michael's budget constraint will shift out but remain parallel to the old one.
Answer:
A. costs incurred prior to the split-off point when producing products that appear simultaneously.
Explanation:
Joint costs are costs incurred prior to the split-off point when producing products that appear simultaneously.
In cost and manufacturing accounting, a joint cost is a cost incurred in a joint process or during a joint production of more than one output and may include direct material, direct labor, and overhead costs incurred before the split-off point.
<u>Solution and Explanation:</u>
The governments have focused attention on long-term productivity growth.
The common habitat gives urgent sources of info and administrations to financial improvement, yet its job for profitability development is inadequately investigated. Ecological shortages can represent a delay in profitability development and a hazard for its manageability. Simultaneously profitability development is regularly observed as the answer to ecological difficulties. Methodological issues flourish, by and large, the writer proposes that ecological issues are a possibly significant hazard factor. Hypothetical models will in the general center the job of the asset increasing specialized advancement over the long haul, considering ecological imperatives. Macroeconomic examinations propose the commitment of the regular habitat to efficiency development has been humble by and large. Microeconomic investigations center around fractional balance impacts, which much of the time have been discovered bigger than anticipated. At long last, contextual investigations of chronicled civilization breakdown recommend the dangers might be critical.
