Answer:
Samuelson Electronics should accept Project A because according to the payback decision rule, the project with the shortest payback period should always be chosen over the project with the longer payback period, since a longer payback period means more risk.
Open innovation change that adds value to be product or service
Practices and processes that encourage the use of external as well as internal ideas in order to create new products and services is known as Blank______ innovation.
Innovation is the incarnation of creativity into a usable product or service. In the entrepreneurial environment, invention is any new idea, process, or product, or a change to be product or process that adds value to that being product or service.
Open innovation is principally a volition to this conventional system of doing invention where information has to stay within preset confines.
A mindset, if you will, of being open to sharing and entering information.
This companion explains how you can make invention a crucial business process and outlines the different approaches you can take. It gives you advice on planning for invention and creating the right business terrain to develop your ideas. It also outlines the help and support available to innovation businesses.
The business case for innovation Approaches to invention Planning Encourage invention in your business Backing innovation
To learn more about innovation refer to :
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Answer:
Market skimming
Explanation:
Market skimming is pricing strategy of organizations under which a product is priced higher when it is introduced to make maximum profit and after the product seeps in to the market, then price is reduced.
This pricing strategy is adopted by organizations that introduce an innovative product in the market that has the potential to be priced higher.
Apple followed this strategy as it introduced first iPod which was new to the market at considerably higher price of $500. This was possible as there were no competitors. Afterwards, it reduced the price of next version as then many competitors entered the market.
Answer:
Option A
Explanation:
Firms treat Weighted average cost of capital(WACC) as the discount rate to calculate the net present value of a business and to evaluate investments that are most essential for capital budgeting.
Answer:
minutes of grinding= 60,468 minutes
Explanation:
Giving the following information:
Grinding minutes per unit:
Product A= 3.80
Product B= 5.30
Product C= 4.30
Product D= 3.40
Monthly demand in units:
Product A= 4,260
Product B= 4,260
Product C= 3,260
Product D= 2,260
A total of 54,900 minutes is available per month on these machines.
minutes of grinding= Total product A + Total product B + Total product C + Total product D
minutes of grinding=4260*3.80 + 4260*5.3 + 3260*4.3 + 2260*3.4= 60,468 minutes
