The answer that best fits the blanks above are IDEA GENERATION, and COMMERCIALIZATION, respectively. In carrying out a powerful new product planning and design, there is a process that should be followed and the process includes eight steps which include idea generation, <span>idea screening, concept development and testing, marketing strategy development, business analysis, product development, test marketing, and lastly, commercialization.</span>
Answer:
Sociocultural
Explanation:
Sociocultural dimension of project management focuses on the organization culture that is set of values, assumptions, behaviors shared by organizational members.
Let P = the principal
The apr is r = 15.21% = 0.1521
The compounding interval is n = 365
The time is t = 1 year
The value after 1 year is
That is,
A = P(1 + 0.1521/365)³⁶⁵ = 1.1642P
The interest is 1.1642P - P = 0.1642P
The effective percent interest rate is
100(0.1642P/P) = 16.42%
Answer: 16.42%
The value creation activities that deals with the design of products and production process is RESEARCH AND DEVELOPMENT.
Value chain activities are those activities that are put in place in order to create a product and get it to the final consumers. The series of activities involves include: research and development, production, marketing and sales and customer service.
Answer:
Correct option is (C)
Explanation:
PDCA or Plan-Do-Check-Act cycle was proposed by William Edward s Deming to identify the reasons for a product that failed to meet expectations of customers. This cycle aims t provide businesses with solutions to identify issues with the products and make continuous improvements.
In the plan step, organization's issues are identified and defined. Various hypotheses are examined and the most suitable hypothesis is determined that would be tested in further steps. So, in the first stage that is plan stage, organization's purpose and scope of its strategies are defined.
