Under a team-based new product development approach, company departments work closely together in cross-functional groups, overlapping the steps in the product development process to save time and increase effectiveness.
<h3>What is team-based new product development?</h3>
Team-based new-product development is a method for creating new products in which departments from the same organization collaborate closely in cross-functional teams, spanning the stages of the product development process to reduce time and boost efficiency.
The steps in the product development process are overlapped to reduce time and boost performance when using a team-based new product development method between company departments. Because departments collaborate closely in cross-functional teams, the team-based approach to new product development speeds up the process and boosts effectiveness.
- In order to overlap the processes in the product development process and reduce time spent on each step while increasing effectiveness, team-based new product development comprises several company departments working closely together.
- Developing a new product from scratch is known as new product development (NPD).
- Despite industry-specific variations, it can be roughly divided into seven stages: ideation, research, planning, prototype, sourcing, costing, and commercialization.
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The answer to that problem is c
Answer:
I, II, and III are all correct and part of this model
Explanation:
The CAPM model or Capital Asset Pricing Model indicates the relationship between the amount of risk and the expected profit for a certain investment. This model holds many assumptions, which from the ones provided we can say that assumptions I, II, and III are all correct and part of this model. The only assumption that is not correct is IV, since the level of risk aversion that each investor has depends on how much they know about their investment.
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The reason that most business professionals use the extemporaneous style of speaking is an answer to a question about current events.
What is business?
The term business refers to the earning the profit. The business is the taking the risk and the earning the profit. The business are the mainly focuses to the activity of the creating, distribution and selling concept based.
The most of the business are the used this extemporaneous style of speaking is chance to the employer and employee to the participation of the answering the question about the current project and business policies.
As a result, the business professionals use the extemporaneous style of speaking is answer to a question about current events.
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Answer:
Dr work-in process $ 25,430.00
Cr wages payable $ 25,430.00
Explanation:
The total labor cost on jobs is the total hours spent on each job multiplied by direct labor cost per hour as shown thus:
Job 200=570*$20=$11,400.00
Job 305=610*$23=$14,030.00
Total direct labor cost on both jobs=$11,400.00 +$14,030.00 =$ 25,430.00
The journal entries in respect of labor cost of $25,430.00 is to debit work-in process and again a credit goes to wages payable
