What are product development trade-offs? List some of the trade-offs an entrepreneur will face when doing product development.
What will be an ideal response?
Throughout the product development process, an entrepreneur will encounter trade-offs that will have to be made among all the factors that affect development: product features, cost, capital expenditures, development costs, and timing. A trade-off by its very definition suggests that there will be some kind of compromise: something must be sacrificed to gain something else. Most trade-offs involve the allocation of limited resources with the goal of finding the optimal balance among all the elements of the product development process. Trade-offs can be viewed as a set of contradictions or conflicts.
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What are the types of printed forms of memos used in organizations?
What will be an ideal response?
With regard to time buckets, the difference between an integrated MRP-JIT system and an only-MRP system is that ______.
A. there is no difference; both systems use time buckets of a week or longer B. there is no difference; both systems use bucketless planning C. the MRP system uses time buckets; the integrated MRP-JIT system uses a bucketless system D. the MRP system uses a bucketless system; the integrated MRP-JIT system uses time buckets
Dana hires Paris to paint a portrait of her poodle, "Mack." The painting is to be done to Dana's personal satisfaction. Upon completion of the painting, which of the following will be true?
a. Dana may refuse to accept the painting if she really does not like it. b. Dana may refuse to accept the painting only if a reasonable person would not like it. c. Dana may refuse to accept the painting if she cannot afford to pay for it. d. Dana may not refuse to accept the painting.
The following information is taken from the balance sheet of Menendez Company on January 1, Year 1:Current Assets$18,000? Current Liabilities$8000? Equipment 38,000? Long-term Liabilities 28,000? Land 30,000? Common Stock 50,000? Total Assets$86,000? Total Liab. & Equity$86,000? On January 2, Year 1, the company recorded the following transaction: Accounts receivable18,000? Service revenue 18,000? How will this transaction affect the current ratio?
A. It will increase the current ratio to 4.5:1. B. It will increase the current ratio to 2.3:1. C. It will decrease the current ratio to 1:1. D. It will have no effect on the current ratio.