Which step in the new product development process is the most critical to the survival of a firm, and why?
What will be an ideal response?
The product launch is the most critical step because it typically requires tremendous financial resources and extensive coordination of all factors in the marketing mix.
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The best defense against budget limitations is to do your homework before going into a negotiation session.
Answer the following statement true (T) or false (F)
Norwood, Inc purchased a crane at a cost of $80,000 . The crane has an estimated residual value of $5,000 and an estimated life of 8 years, or 12,500 hours of operation. The crane was purchased on January 1, 2015 and was used 2,700 hours in 2015 and 2,600 hours in 2016. Refer to the information for Norwood, Inc, Based on this information, what method of depreciation will produce the maximum
depreciation expense in 2016? a. Straight-line b. Double-declining-balance c. Units-of-production d. All methods produce the same expense in 2016.
Chase Company has 10 employees, who earn a total of $1,800 in salaries each working day. They are paid on Monday for the five-day workweek ending on the previous Friday. Assume that year ended on December 31, which is a Wednesday, and all employees will be paid salaries for five full days on the following Monday. The adjusting entry needed on December 31 is:
A. Debit Salaries Expense, $9,000; credit Salaries Payable, $9,000. B. Debit Salaries Expense, $3,600; credit Salaries Payable, $3,600. C. Debit Salaries Expense, $5,400; credit Cash, $5,400. D. Debit Salaries Payable, $5,400; credit Salaries Expense, $5,400. E. Debit Salaries Expense, $5,400; credit Salaries Payable, $5,400.
Etoile Metrics, S.A., a French software firm, is harmed by an exclusive-dealing scheme engineered by Flash Search, Inc, a U.S. software firm. Compared to U.S. laws, the European Union's laws
a. define less conduct as anticompetitive. b. define more conduct as anticompetitive. c. declare the same conduct—not more or less—to be anticompetitive. d. include less detailed provisions on monopolization.