What exactly is analyzed during the business analysis phase of new-product development?
What will be an ideal response?
During the business analysis stage, a product idea is evaluated to determine its potential contribution to a firm's sales, costs, and profits. In the course of a business analysis, evaluators determine whether a product fits with the organization's existing product mix. They also ascertain if demand of the product is strong enough to justify entering a market, and whether the demand will endure. Moreover, the evaluators estimate types of environmental and competitive changes that can affect the product's future sales, costs, and profits.During the business analysis stage, a firm determines whether its research, development, engineering, and production capabilities are adequate to develop a product; whether new facilities must be constructed, how quickly they can be built, and how much they will cost; and whether the necessary financing for development and commercialization is on hand or is obtainable based on terms consistent with a favorable return on investment.
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a. Decrease and no effect b. No effect and no effect c. Decrease and decrease d. No effect and decrease
A hotelkeeper's lien is placed on a guest's
a. bank account. b. baggage. c. real estate. d. automobile.
A security agreement does not need to contain a description of the collateral
Indicate whether the statement is true or false
Which of the following methods is used to appoint a manager of a manager-managed LLC?
A. appointment by the secretary of state B. majority vote of the members C. unanimous vote of members D. unanimous vote of shareholders