In the idea evaluation stage,
A. companies cannot estimate likely costs.
B. an actual product is developed.
C. the final ROI is estimated.
D. concept testing is used to get customer reactions.
E. parts of a product are designed and manufactured.
Answer: D
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______ is the unconscious process of making decisions based on imagination and possibilities.
A. Anchoring B. Satisficing C. Bias D. Intuition
Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2014 are as follows: January 40,000 February 50,000 March 60,000 Finished goods inventory at the end of 2013 was 10,000 units. On average, 25 percent of the futons to be sold in the next month are produced and kept as ending balance in finished goods inventory. The planned selling price is $150
per unit. What would be the sales budget for March of Fantastic Futons? A) $7,200,000 B) $8,000,000 C) $6,750,000 D) $9,000,000
Considerations in selecting a layout include ______.
A. producing products and services that are cost-effective B. circumventing government regulations C. abiding by ISO requirements D. ensuring that high prices can be charged
Revise the following sentence to avoid trite business phrases: Pursuant to your request, enclosed please find a copy of our current catalog