A company employing a product development strategy would create a new product targeted to its current customers.
What is New Product Development ?
You can get the people in your division to come up with ideas for new products by following the given things mainly which revolves around reinforcing the novel ideas:
- As employees have direct contact with the customers so they have the better ideas about the customers needs and wants.
- Employees are well aware of the changing trends so they should be encourage to come up with the new and novel ideas for the new products.
- Ideas can come from any where, from any level of the organization so each and every single employee should be motivated to participate in idea generation activities.
The importance of doing customer research is to have a drive for new product development. A research can be effective in pointing out consumer trends and fads, as well as opening a direct customer communication channel that feels prestigious for having its requests valued by a company. Through concrete data of potential customers and new customers, an organization has the ability to meet the actual demand of potential customers and make possible adjustments to the production process.
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<span>If the machine originally costs $60,000 and goes through straight-line method of depreciation, then if it has a $5,000 salvage value in 4 years, then it depreciated $55,000 in 4 years, which is about $14,000 a year. So the depreciation expense in year 4 is about $14,000.</span>
Answer:
$53.00
Explanation:
The computation of book value is shown below:-
But before that we need to determine the net asset which is
Net asset = Total asset - Total liabiliites
= ($350,000 + $650,000) - ($100,000 - $250,000)
= $1,000,000 - $350,000
= $650,000
Now
Value per share= (Net asset - preference share) ÷ number of common stocks
= ($650,000 - $120,000 ) ÷ 10,000 shares
= $530,000 ÷ 10,000
= $53 per share
Answer:
48.65%
Explanation:
Since the average time it takes car drivers to fill their tanks is exponentially distributed at 7.5 minutes, we can elaborate an exponential formula to calculate the number of times a gas tank can be filled in a certain period of time:
e⁻ˣ/ⁿ
- e = 2.718
- x = 5 minutes
- n = 7.5 minutes
= 2.718⁻⁵/⁷°⁵ = 0.5134
now, the probability that a driver can fill his/her tank in less than 5 minutes = 1 - 0.5134 = 0.4865 or 48.65%
Based on the business management system, it is <u>True</u> that the purpose of a Sprint is to produce a valuable and useful Increment of working products.
<h3>What are Sprints?</h3>
Generally, Sprints is a brief, time-boxed period utilized by the scrum team to complete a set amount of work rapidly.
Sprint as a time-box of a month or less is used by working teams to enhance their working activities.
Hence, in this case, it is concluded that the correct answer is "<u>True</u>."
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