Identify the external product development strategies; describe each in a sentence or two
What will be an ideal response?
The external product development strategies include alliances, joint ventures, and purchase of technology or expertise by acquiring the developer. Alliances are cooperative agreements that allow firms to remain independent, but use complementing strengths to pursue strategies consistent with their individual missions. Joint ventures are combined ownership to pursue new products or markets. Purchasing technology or expertise is usually accomplished by acquiring entrepreneurial firms that have already developed the technology that fits the mission. The issue then becomes fitting the purchased organization, its technology, and its product line into the buying firm, rather than a product development issue.
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In which of the following situations is a business most likely to opt for a direct rather than an indirect marketing channel system for product distribution?
A) The business manufactures products for the consumer market rather than the business market. B) The business's products are sold in wide markets, and require localized availability of parts and services. C) The business is new to the market and does not have a network of contacts in place for distribution. D) The business wants to maintain complete control over its marketing messages and collection of payments for products. E) The business manufactures a product that people buy on impulse and is generally sold in small quantities.
Management Services sells service plans for commercial computer maintenance. The price for each plan is $1,350 per year, paid in advance. On October 1, 2019, a service plan was sold to a new customer for cash, and the plan covers the period October 1, 2019 to September 30, 2020. Prepare the December 31, 2019 adjusting entry. Round to two decimal places. Omit explanation.
What will be an ideal response?
How does OD differ from Management Consulting?
What will be an ideal response?
Hybrid rulemaking requirements may be imposed by:
a. the Congress only b. the President only c. either the Congress and/or the President d. None of the above. Only the judiciary exercising judicial review may mandate hybrid rulemaking requirements.