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4 years ago

Phase I of the new product development process is comprised of all of the following except ______.

Business

1 answer:

Xelga [282]4 years ago

7 0

Answer:

The correct answer is letter "D": implementing product ideas

Explanation:

The new product development has seven steps which are: Idea Generation, Idea Screening, Concept Development and Testing, Market Strategy Development, Business Analysis, Product Development, Marketing Testing, and Commercialization.

Phase I of this approach only comprehends the conceptualization of the product that is intended to be provided, thus the implementation of product ideas does not belong to this stage.

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Sales volume plays a large role in determining per unit costs in the cost-plus pricing approach.

gulaghasi [49]

That statement is true.
In the cost-plus pricing approach, you add up all the cost needed for the product (material, direct labor, and overhead) and then calculate it with mark-up percentage in order to determine the price that you should set for your product.
Since cost per unit is determined by total products/total cost, sales volume played a large role in determining per unit costs

5 0

3 years ago

Your boss has asked you to evaluate the economics of replacing 1,000 60-Watt incandescent light bulbs (ILBs) with 1,000 compa

vladimir1956 [14]

Answer: Option C is most reasonable here.

Explanation:

Variable Price of Bulb A = $ 15,000

Variable Price of Bulb B = $ 28,000

Variable Price of Bulb C = $ 16,200

Fixed Price of Bulb A = $ 15,000

Fixed Price of Bulb B = $ 30,000

Fixed Price of Bulb C = $ 25,000

Total Price of Bulb A = $30,000

Total Price of Bulb B = $ 58,000

Total Price of Bulb C = $ 41,200

Profit= Revenue - Expenses

Profit of Bulb A = $ 16,500

Profit of Bulb B = $ 30,000

Profit of Bulb C = $ 25,400

Initial Investment of Bulb A = $ 30,000

Initial Investment of Bulb B = $ 60,000

Initial Investment of Bulb C = $ 40,000

Hence, Bulb C is most profitable.

8 0

3 years ago

Balanced Scorecard for a service companyAmerican Express Company is a major financial services company, noted for its American E

jeka94

Answer:

Balanced Scorecard is a good measure for company's performance.

A list of measures is given against which American Express Company's performance can be measured which will benefit the company in improving their services and discarding if any service is not being benefited by their customers.

Each Key performance indicator needs to have a good measure of performance, so that the performance can be calculated easily.

Explanation:

Balanced Scorecard is a good measure for company's performance.

Each Key performance indicator needs to have a good measure of performance, so that the performance can be calculated easily.

6 0

3 years ago

Johnson Enterprises uses a computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hou

Ganezh [65]

Answer:

The current machine should be replaced as doing that brings $6000 in benefits as shown below.

Explanation:

In order to determine which of the two options between replacing the old machine and acquiring new machine is more viable it would be appropriate to carry out an incremental cost/benefits analysis of both options:

Old machine New machine Difference

A B A-B

Operating annual costs $125,000* $100,000** $25,000

New machine costs $0 $25,000 -$25,000

salvage value ($,6000) $6000

Total costs $125,000 $119,000 $6,000

*The old machine has $125,000 ($25,000*5) estimated operating costs for five years.

**The new machine has $$100,000($20,000*5) estimated operating costs for five years

The cost of price of the old asset is not relevant as it is a sunk cost.

3 0

3 years ago

The DEF partnership reported net income of $130,000 for the year ended December 31, 20X8. According to the partnership agreement

gtnhenbr [62]

Answer:

The DEF Partnership

Allocation of Partnership Net Income for 2008:

D E F Total

Net income $130,000

Salaries $25,000 $20,000 $15,000 (60,000)

Bonus on net income 13,000 ----- ----- (13,000)

Remainder 34,200 17,100 5,700 (57,000)

Total allocation $72,200 $37,100 $20,700 $130,000

Explanation:

a) Data and Calculations:

Net income for the year ended December 31, 2008 = $130,000

Order of distribution of partnership profits and losses:

D E F

Salaries $25,000 $20,000 $15,000

Bonus on net income 10% ----- -----

Remainder 60% 30% 10%

Bonus on net income = $13,000 ($130,000 * 10%)

Remainder after salaries and bonus = $57,000 ($130,000 - $73,000)

D = $34,200 ($57,000 * 60%)

E = $17,100 ($57,000 * 30%)

F = $5,700 ($57,000 * 10%)

4 0

3 years ago