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Ede4ka [16]
3 years ago
7

Discuss how a change in a product design could produce a change in the design of a planning and control system.

Business
1 answer:
RUDIKE [14]3 years ago
6 0

Product design is cross-functional, knowledge-intensive work that has become increasingly important in today's fast-paced, globally competitive environment. It is a key strategic activity in many firms because new products contribute significantly to sales revenue. When firms are able to develop distinctive products, they have opportunities to command premium pricing. Product design is a critical factor in organizational success because it sets the characteristics, features, and performance of the service or good that consumers demand. The objective of product design is to create a good or service with excellent functional utility and sales appeal at an acceptable cost and within a reasonable time. The product should be produced using high-quality, low-cost materials and methods. It should be produced on equipment that is or will be available when production begins. The resulting product should be competitive with or better than similar products on the market in terms of quality, appearance, performance, service life, and price.

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Which term describes the inability of a market to bring about the allocation of resources that best satisfies the wants of socie
guajiro [1.7K]

It should be noted that the inefficient allocation if resources is market failure.

<h3>What is market failure? </h3>

It should be noted that market failure simply means the inefficient distribution of goods and services.

Market failure is the the inability of a market to bring about the allocation of resources that best satisfies the wants of society.

Learn more about market failure on:

brainly.com/question/368647

5 0
2 years ago
Two economists from Ohio University estimated that the demand curve for kerosene in Indonesia was such that a 10 percent increas
zmey [24]

Answer:

C) i and ii

Explanation:

Price elastic of demand (PED) of kerosene = 2.2% / 10% = 0.22 price inelastic demand

When two products are substitutes, an increase in the price of one of the products will not only reduce the quantity demanded of that product, but it will also increase the quantity demanded of its substitute products. In this case, an increase in the price of electricity, increases the quantity demanded for kerosene, which means that they are both substitute products.

5 0
3 years ago
Drag each tile to the correct box.
vitfil [10]
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5 0
3 years ago
How many people went or is still going to vo-tech in Bloomsburg pa?<br><br>i need some advice
oksano4ka [1.4K]

Tours will be held on the following evenings, for the school districts listed. Times are 6:00 – 8:00 PM on these nights:

* Danville – February 3rd and 4th

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7 0
3 years ago
Read 2 more answers
In most cases, what is the most expensive promotion tool?
REY [17]

Answer: (B) Personal selling

Explanation:

 The person selling is basically refers to the two-way communication process in which we sell our products and the services face to face to the customer.

The personal selling is also known as the interaction form of selling the products to the user.

The personal selling is one of the most expensive promotion tool as it is hardly used for advertising the products. It mainly involve spreading the information regarding the specific organization products and the services.

Therefore, Option (B) is correct.

6 0
3 years ago
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