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e-lub [12.9K]
3 years ago
7

The new product development process has seven stages going from new product strategy development to commercialization. At which

stage will a company identify feasible ideas and turn them into product concepts?
Business
1 answer:
sleet_krkn [62]3 years ago
8 0

Answer:

Screening and evaluation

Explanation:

The seven steps in the new product development process are:

  1. New-product strategy development
  2. Idea Generation
  3. Screening and evaluation : at this stage, ideas are filtered and funneled and you must separate only those truly worth pursuing.
  4. Business analysis
  5. Technical Development
  6. Market Testing
  7. Commercialization

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Shasta Company is trying to decide whether to continue to manufacture a particular component or to buy the component from an out
Dafna11 [192]

Answer:

D

Explanation:

Unavoidable fixed manufacturing cost is irrelevant as to Shasta Company’s decision to Make or Buy that particular component. It is because, either of their decision, said expense will still incur and it is still form part of their expenses. The only things that will matter to their decision making if that certain expenses will cause changes (decrease in particular) of the potential cost to be incurred by the company that will result to increment their income.

8 0
3 years ago
Jobs in which of the following fields require an understanding of the investment environment? I. commercial banking II. corporat
uranmaximum [27]

Answer:

All of them:

  • I. commercial banking
  • II. corporate finance
  • III. financial planning
  • IV. insurance

Explanation:

People who work in commercial banks regularly deal with clients that need money to start a new business or expand an existing one, not all businesses are huge corporations that only go to large investment banks.

Anyone that works in finance must understand the investment environment, since the core task of finance is dealing with the value of money and time.

Insurance companies also deal with financial issues and investments.

7 0
3 years ago
Assume the following information for Thomas Company:
zubka84 [21]

Well if you want to know that you have to do this:

-----------------------------------------------------------------------------

Margin per chair = $80

Machine hours to produce 1 chair = 2 hours

Multiply: 80 x 2 = 160

Deluxe Chair: 160

------------------------------------------------------------------------------

Margin per chair = $90

Machine hours to produce 1 chair = 4 hours

Multiply: 90 x 4 = 320

Executive Chair: 320

--------------------------------------------------------------------------------

Contribution Margin: $90 and $80

Add: 90 + 80 = 170

Contribution Margin: $170

---------------------------------------------------------------------------------

Machine Hours: 2 and 4

Add: 2 + 4 = 6

Machine Hours: 6 hours

---------------------------------------------------------------------------------

So, their is $170 contribution margin per 6 hours.

Hope this helps XD

6 0
4 years ago
Let A equal the reported inventory value if the lower-of-cost-or-market rule is applied to individual items of inventory while B
Lera25 [3.4K]

Answer:

The correct answer is A will always be equal to or less than B.

Explanation:

In general terms, inventory is valued in terms of cost. But there must be a deviation from the cost basis of the inventory valuation and it must be reduced below cost when the utility of the goods has decreased and its sale product or item value will be less than its cost.

The decrease in the value of inventory below cost can be due to different causes, such as physical deterioration, obsolescence, a drop in the price level, etc. In these situations, the inventory is recorded at its market value. The difference in value (cost-to-market value) is recognized as a loss for the current period. It should be understood that the market value of the inventory must be estimated since the inventory has in fact not been sold. As a general rule, the concept of market value is used in terms of the current replacement cost of inventory, that is, what it will currently cost to purchase or manufacture the item.

5 0
3 years ago
Clonex Labs, Inc., uses the FIFO method in its process costing system. The following data are available for one department for O
suter [353]

Answer:

Materials        187,230‬

Conversion   182,200

Explanation:

FIFO method, from the started units we will add the reamining work onthe beginning WIP invnetory and subtract the undone part of the ending WIP inventory

Materials

Started units                               176,000

October   1st  27,000 x (1 - 57%) = 11,610‬

October 31th 20,000 x    (1-81%) =  (380)

                  Equivalent Units     187,230‬

Conversion

Started units                                  176,000

October   1st  27,000 x (1 - 33%) =  18,000

October 31th 20,000 x    (1-41%) = (11,800)

                  Equivalent Units       182,200

5 0
3 years ago
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