A new-product development process helps make sure that new ideas for products are carefully studied and that good ideas are marketed profitably.
Answer the following statement true (T) or false (F)
True
Identifying and developing new-product ideas and effective strategies to go with them is often the key to a firm's success and survival. To move quickly and avoid expensive failures, a company needs a new-product development process.
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Unlike tort law, contract law states that:
A. the only duties that a person owes are those that have been explicitly promised to another party. B. no matter how careful a business is in its product, if harm results from use, the business is liable. C. the reasonable person standard can be interpreted in various ways. D. one owes other people certain general duties, even if one has not voluntarily assumed them.
The general description for the processes and skills used in the management of a firm's interactions with people, organizations, and institutions outside of its boundary is called ________.
A. organizational structure B. external relations C. horizontal integration D. social audit
From a sustainability perspective, one of the key areas of concern for many manufacturing firms is ______.
A. operating expenses B. throughput C. energy consumption D. excess inventory
Houlihan, Inc purchased a van on January 1, 2016, for $800,000
Estimated life of the van was five years, and its estimated residual value was $90,000. Houlihan uses the straight-line method of depreciation. Give the journal entry to record the depreciation expense for 2016 on the van. What will be an ideal response