Think back to a time when you have said, "This is great idea. How come nobody thought of this before?" Assuming no one has thought of it before, what would be the first steps to take to develop a new product idea?
What will be an ideal response?
Student answers will vary considerably, but they should show an understanding of the processes and challenges that turn ideas into products. The focus should be on the process rather than the quality of the idea.
You might also like to view...
What is the aim of tax equalization as a part of compensation?
a) Provide extra money in case of tax discrepancies b) Lower the tax obligation of the organization c) Provide that expatriates neither gain nor lose as a result of taxation d) A bonus to incentivize expatriates.
Final tableaus cannot be used to conduct sensitivity analysis
Indicate whether this statement is true or false.
Trade dress refers to the packaging look and overall image of a product
Indicate whether the statement is true or false
The common shares of the Hiboux Ltd have a book value of $21.60 and a market value of $28.60. The company pays $0.28 in dividends each quarter. What is the dividend yield?
A) 1.0% B) 1.3% C) 3.9% D) 5.2%