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3 years ago

Understand and explain the process of idea generation and validation

Business

1 answer:

natita [175]3 years ago

4 0

Answer:

Idea generation is the creative process or procedure that a company uses in order to figure out solutions to any number of difficult challenges. It involves coming up with many ideas in a group discussion, selecting the best idea or ideas, working to create a plan to implement the idea, and then actually taking that idea and putting it into practice. The idea can be tangible, something you can touch or see, or intangible, something symbolic or cultural.

Idea validation is the process of testing and validating your idea prior to launching your business name, tagline, product, service or website. This is like the research and development process big companies use to test product ideas before they’re released to the general public.

Idea validation can involve anything from information-gathering interviews to special landing pages on the web. The entire purpose is to expose the idea to your target audience before you build and release the final product.

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The ideal, initial step leading to implementation of an effective employee communications program should begin with

Lyrx [107]

Should begin with immediate and effective comments/responses from all employees. There should then be meetings held to discuss the findings and to elaborate on what can be done to begin forming an effective communications program for all employees.

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3 years ago

a company incurred the following costs: Selling and administrative expenses: $45,000; Direct materials: $15,000; income tax expe

Aloiza [94]

Answer:

Cost of good manufactured= $50000

Explanation:

Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.

Generally accepted accounting principles require that the cost of goods sold shall consist of:

the cost of direct materials

the cost of direct labor

the cost of manufacturing overhead

Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. They are reported as expenses on the income statement in the accounting period in which they occur.

In this exercise:

Cost of goods manufactured:

Direct materials= $15000

Direct Labor=$30000

Factory overhead=$5000

Total= $50000

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3 years ago

Why are workers really quitting? you can boil it down to 1 simple reason

Stella [2.4K]

Answer:

the money bro

Explanation:

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2 years ago

a large, family-owned dairy farm operating in the western part of virgina is preparing its annual tax return, and the cfo's obje

Schach [20]

Annual tax return is a document which states the income and expenses of a certain firm or individual and it is given to the tax department for further checking.

Depreciation expenses is the decrease in the cost of an asset that has appeared over a period of time because of its use. Any expense that is related to a certain asset is included to calculate the depreciation expense.

Depreciation expense: Cost of the asset - residual value/ total units expected to be produced * actual units produced

To learn more about depreciation expense, click here:

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1 year ago

Read 2 more answers

• Identify where Moisturizing Black Soap Shampoo is currently positioned in the product life cycle.

Scorpion4ik [409]

I believe the Moisturizing Black Soap Shampoo which is capable of both moisturizing and cleansing at the same time, had long been introduced in the industry. This product is currently in its maturity stage as many are still unaware of its existence. Thus, the need for further advertising.

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3 years ago