A team-oriented approach to new-product development is referred to as:
A. simultaneous product development
B. synergistic product development
C. commercialized product development
D. synchronized product development
E. parallel product development
Answer: A
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Answer the following statements true (T) or false (F)
1.The imposition of government regulations (clean environment, workplace safety, product safety) on domestic steel companies tends to result in lower production costs and improved competitiveness. 2.The magnification effect suggests that the change in the price of a resource is smaller than the change in the price of the good that uses the resource relatively intensively. 3.According to the specific-factors theory, resources that are specific to import-competing industries tend to lose as a result of trade, while resources specific to export industries tend to gain as a result of trade. 4.Industrial policy includes using governmental subsidies as a tool to provide domestic firms an edge over foreign competitors in domestic and foreign markets. 5.The existence of transportation costs tends to result in increasing gains that a country receives from trade.
Easton Company makes and sells scooters. Easton incurred the following costs in its most recent fiscal year: Cost Items Appearing on the Income StatementMaterials cost ($10 per unit)Depreciation on manufacturing equipmentCompany president's salarySalaries of administrative personnelLabor cost ($4 per unit)Research and development costsAdvertising costs (150,000 per year)Real estate taxes on factoryShipping and handling ($0.15 per unit)Inspection costsEaston can currently purchase the scooters it makes from Weston Company. If the company purchases the scooters, Easton would still continue to use its own logo, sales staff, and advertising programs. If Easton outsources the scooters to Weston, which of the following costs would be relevant to the outsourcing decision?
A. Shipping and handling B. Materials cost C. Inspection costs D. All of the above.
The structure of a typical organization is similar to a pyramid, with different levels that require one consistent type of information to assist with all managerial decision making.
Answer the following statement true (T) or false (F)
The setup cost to make a carpet is $20 per setup. The holding cost is $2.00 per yard per year, and the annual demand is 12,000 yards. The manufacturing facility operates 300 days, and 120 yards of the carpet are produced per day. Given this information, which of the following statements is true?
a. With an optimum order quantity of 600, the length of the production run in days is 5. b. With an optimum order quantity of 500, the length of the production run in days is 6. c. With an optimum order quantity of 400, the length of the production run in days is 7. d. With an optimum order quantity of 300, the length of the production run in days is 8.