Which of the following is true of the development stage of a new-product development process?
a. It sets several tasks in motion, such as building inventories and advertising to potential customers.
b. It evaluates a new-product idea usually before any prototype has been created.
c. It estimates the demand, cost, sales, and profitability of a product for the first time.
d. It examines the feasibility of manufacturing a product at an acceptable cost.
ANSWER: d
The development stage of a new-product development process examines the feasibility of manufacturing a product at an acceptable cost. The development stage can last a long time and thus be very expensive.
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What is meant by the term groupthink and what are two symptoms?
Fill in the blank(s) with the appropriate word(s).
A channel of distribution consists of interdependent entities that ________.
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Joy and Kris enter into a contract for Kris to lay sod in Joy's yard for which she agrees to pay Kris. When Kris's schedule conflicts, she contacts Leza, to whom Kris "assigns all rights under the contract." Kris is A) absolved of any liability under the contract. B) in breach of the contract with Joy
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Leven Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 3,000 client-visits, but its actual level of activity was 3,050 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting for September: Fixed element per monthVariable element per client-visitRevenue - $31.00 Personnel expenses$23,900 $10.70Medical supplies 1,400 3.90Occupancy expenses 5,700 1.10Administrative expenses 5,100 0.10Total expenses$36,100 $15.80?The administrative expenses in the planning budget for September would be closest to:
A. $5,405 B. $5,346 C. $5,435 D. $5,400