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Nataly_w [17]
3 years ago
11

In order for Concurrent engineering to be successful you need must do which of the following much better than standard or linear

product development: Group of answer choices a good set of product specifications invest in capital equipment perform development runs intensive communications between all groups involved in the new product development purchase components at the lowest possible price.
Social Studies
2 answers:
xxTIMURxx [149]3 years ago
5 0

Answer:

intensive communications between all groups involved in the new product development

Explanation:

Concurrent Engineering also called Simultaneous Engineering or Integrated Product Development (IPD), describes a systematic approach that involves several teams and departments in the organization in product development at the same time. This is opposed to linear development where each department or team work sequentially on product as it advances in its stages. Concurrent engineering requires a lot more communication amongst teams as it involves a larger amount of people working simultaneously on product. A great level of communication is usually required to avoid gaps as decision making involves all teams, and also keep product development. This keeps product development streamlined.

devlian [24]3 years ago
4 0

Answer:

intensive communications between all groups involved in the new product development

Explanation:

Concurrent Engineering often referred to Simultaneous Engineering or Integrated Product Development (IPD) is defined as a methodical way of carrying out integrated, concurrent design of products and their underlying processes.

For example, manufacturing process and support. It is a systematic approach that helps the decision or management team to examine various constituents of the product life cycle from conception through disposal, including quantity, quality, cost, schedule, and user requirements.

To make Concurrent Engineering to be successful, the followings should be considered amongst others:

1. Compare the approach to other alternatives.

2. Predict potential performance improvements and targets.

3. Ensure there is a clear Vision of the future environment

4. Seek and get top management support

5. Communicate and get cross-functional endorsement

6. Prepare a clear Strategy to achieve results.

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Read 2 more answers
Answer the following
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First of all, a <em>supply curve</em> is a chart in Economy that shows us the relation between Price and Quantity of a certain good or service. Several factors may cause this curve to shift to the left or right, e.g.: An increase of customers' purchase power, the decrease of the need for a certain product by the population, and so on...

a. Resource prices rise is another example, and would cause the supply curve to shift to the left. As with it, the final price of the products that depend on this given resource for their production, would rise, hence causing their buyers to purchase fewer quantities of them.

b. If a quota is placed on a good, it would also cause this good's final price to rise, hence causing the consumers to buy less, hence shifting the curve to the left as well.

<em>Note: </em>Of course, these are assuming that the goods in question are <em>non-essential </em>goods. That is, people may choose to buy less of them. In case of essential goods (like toilet paper, or electric power for example), people would still consume it regardless of changes in price! And in that case, the curve would stay still, or even shift slightly to the right, upon a price rise.

8 0
3 years ago
1. Does an increase in price necessarily bring about higher total revenue? Explain. 2. Describe the different determinants of de
Marysya12 [62]

<u>Question 1</u>

The correct answer is: "FALSE".

The total revenue earned by a firm is computed using the formula:

R= price * quantity

According to the formula, if the term "price" increases, R would increase too. But an increase in price usually decreases the amount demanded by consumers of a certain product. Therefore, if quantity demanded drops in a higher proportion than the increase in price, the final total revenue would decrease. So the final effect depends on the size of the two variations.

<u>Question 2</u>

<u>The determinants of demand are the following:</u>

  • Price: inversely related to the quantity demanded, as the larger the price the smaller the amount demanded of a product.
  • Income of consumers: directly related. The larger the income earned by an economic agent, the larger the amount demanded of a normal good (there are exceptions, such as inferior goods, for which income and demand are inversely related).
  • Prices of related goods of services. If two goods are substitutes, the increase on the price of one, decreases the amount demanded of that product but increases the amount demanded of the other product. It two goods are complements, the increase in the price of one good decreases the amount demanded of it, and the amount demanded of the other product too.
  • Tastes or preferences of consumers.  If a product is in line with the general preferences of consumers the amount demanded will be large.
  • Market expectations. For example, if a price is expected to rise, consumers might prefer to buy now and therefore demand increases at the moment.
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