Explain what happens during the business analysis stage of new product development
What will be an ideal response?
Business analysis involves a review of the sales, costs, and profit projections for a new product to find out whether they satisfy a company's objectives. If they do, the product can move to the product development stage. To estimate sales, the company might look at the sales history of similar products and conduct market surveys. It can then estimate minimum and maximum sales to assess the range of risk. After preparing the sales forecast, management can estimate the expected costs and profits for the product, including marketing, R&D, operations, accounting, and finance costs. The company then uses the sales and costs figures to analyze the new product's financial attractiveness.
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A) creating a database B) following up C) collecting referrals for the future D) referring clients to other companies when they do not fit the company
Cognitive neuroscience reveals physiological reactions to messages. It shows where brain activity occurs and, to some extent, the level of activity
Indicate whether the statement is true or false
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Indicate whether the statement is true or false.
If an "innocent party" fails to mitigate his damages, the court will
A) reduce the damages payable to the "innocent party" B) pay damages to a third party. C) pay damages to the party who caused the loss; D) increase the damages payable to the "innocent party"; E) award punitive damages as well