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3 years ago

Drag each example to the corresponding step in the new-product development process.

Business

1 answer:

bulgar [2K]3 years ago

6 0

Answer:

1. Idea Generation ⇒ C. Brainstorm

Brainstorming is a process used to generate a large number of ideas where participating members contribute with any ideas that they can come up with.

2. Concept Testing ⇒ B. Big box

3. Product Development ⇒ D. Prototypes

When a company is developing a product, the firs thing that they will come up with is a prototype of the product.

4. Market Testing ⇒ A. Samples

Free samples are important when you are testing a new product, e.g. handing out free samples

5. Product Launch ⇒ F. Presentation

The formal presentation of a product takes place when the product is launched into the market.

6. Evaluation of Results ⇒ E. Strong sales

The way that a company can evaluate if a product was accepted or not by the market is to see their sales records, if sales are strong, then the product was accepted.

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For each price in the following table, calculate the firm's optimal quantity of units to produce, and determine the profit or lo

algol13

Answer:

This firm's Shut down price, That is, the price below which it is optimal for the firm to shut down is $40.

Explanation:

Shut down point is the point at which a firm or business is not able to gain any profit or benefit from the operations. Firm try to stay in the market until they reach the shut down point in business. It is a point where a business revenue just covers the variable expenses.

5 0

3 years ago

Rachel is saving her entertainment money for a summer trip to Europe, but she wants to spend time with her friends this Saturday

Vanyuwa [196]

Answer:

I'd say B,

Explanation:

becuase you dont need any money to hike and she wants to save it.

3 0

3 years ago

According to the AD-AS model, if the economy is initially at its long-run potential growth rate, then a temporary increase in th

ivann1987 [24]

Answer:

C:an increase in both the inflation and real growth rates in the short run.

Explanation:

According to the AD-AS model, if the economy is initially at its long-run potential growth rate, then a temporary increase in the growth rate of investment spending will cause an increase in both the inflation and real growth rates in the short run.

8 0

3 years ago

The concert promoters of a heavy-metal band, WeR2Loud, know that there are two types of concert-goers: die-hard fans and casual

Reika [66]

Answer:

B) $125,000

Explanation:

Price discrimination strategy refers to charging each customer the maximum amount of money he/she is willing to pay for a product.

In this case, the concert promoters should charge $150 per ticket to 1,000 die hard fans = $150,000 in revenue.

Then it should charge only $50 per ticket to 500 casual fans = $25,000 in revenue.

Total revenue = $150,000 + $25,000 = $175,000

minus total costs = ($50,000)

Net income = $125,000

6 0

2 years ago

The following labor standards have been established for a particular product:Standard labor-hours per unit of output 9.0hoursSta

harkovskaia [24]

Answer:

Direct labor rate variance= $69,579 unfavorable

Explanation:

Giving the following information:

Standard labor-hours per unit of output 9.0 hours

Standard labor rate= $15.10 per hour

Actual hours worked= 8,100 hours

Actual total labor cost= $191,880

To calculate the direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 191,880/8,100= $23.69 per hour

Direct labor rate variance= (15.10 - 23.69)*8,100

Direct labor rate variance= $69,579 unfavorable

3 0

3 years ago