Because KFC changed their recipe (the spiciness) for various regions, this shows that multinational firms must develop every new product for potential worldwide distribution.
<h3>What is new product development?</h3>
A new product development refer to a firm process of bringing in a new product to the marketplace.
In conclusion, the development of new product helps in potential worldwide distribution.
Read more about product development
<em>brainly.com/question/7285931</em>
Answer:
a. A 1% increase is a positive output gap decreases the unemployment rate by 0.5%
Explanation:
Okuns law looked at the relationship between unemployment and output empirically.
It states that that for every 1% increase in the unemployment rate, positive output gap falls by roughly 2%.
I hope my answer helps you.
Answer:
a. Product X = 3.50 years
Product Y = 3.25 years
b. Product Y
Explanation:
The cash flows for the two products as well as the balance at the end of each year is given as follows:
For both products, the payback period is reached between the third and fourth year.
Product X:
Product Y:
Under the payback method, the alternative that presents the shortest payback period should be selected. Therefore, Product Y should be selected.
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