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by doing your mother
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A firm may discount a new product idea because?
It may not be cost-effective enough. Never forget that it's all about profit in business so a new product idea should: 1. Appeal to a very wide range of potential customers. 2. Be relatively cheap to manufacture. 3. Be protectable (patent or otherwise).
Is a market command or traditional economy most likely to come up with new and better products?
A free market economy is more receptive to new products and idea. The freedom offered in such nations helps towards the development of new products. Traditional economies and nations tend to rely on the older methods of product production and are heavily regulated, giving new idea and products less attention.
Why do you study entrepreneurship?
Entrepreneurship is focused on developing knowledge, skills, and understanding of how an innovative and creative idea, product, or process can be used to form a new and successful business or to help an existing firm to grow and expand.
What are the problem faced in determining the demand for a durable goods illustrate with example of demand for households refrigerator or television set?
The demand for a new product. A market survey of customer need analysis of sales records of competing products. The basis for making an estimate or a prediction of a new product can be used from a comparable product
How would you describe the factors of production?
THE FACTORS OF PRODUCTION _________________________ ---------------------------------------- ---------------------------------------- Labor - This is the work required to make the product. _____________________________________________________________ Resources - Materials that make the product. _____________________________________________________________ Entrepreneurs - People who start a new business or bring a new product to market. _____________________________________________________________ Land - The property used to make the product. _____________________________________________________________ Capital - The tools and equipment used to make the product. _____________________________________________________________ ~Anonymous~ ! Hope this is what you were looking for ! ~Anonymous~ -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
What were Planck's findings in regard to the electromagnetic spectrum?
As the founder of a totally new branch of science Plank can be credited with quite a few basic discoveries. I would like to emphasize the idea of all things being quantized and the establishing of Plank's constant.
A simple definition for innovation?
A new method, idea, product, etc.
How do you become a entreupenure?
You come up with an idea for a new product or service and market it.
What is product management?
Product lifecycle management is the management of a product from idea, design, development through to use and disposal. For example you have an idea for a new razor blade, PLM is about how you design it, make it, use it, and then what to do with it when its no longer usable.
How do you transmit new product ideas?
You get a patent and then seek an investor or try to sell the patented idea to a company that operates in the field of your new product idea. Alternatively you can just blog about your new ideas like I do or submit them to another site or blog that welcomes new innovations. It all depends on whether you want to make money off your idea, spend money on your idea, or just share your idea. Good luck!
What is product lifecycle management?
Product lifecycle management is the management of a product from idea, design, development through to use and disposal. For example you have an idea for a new razor blade, PLM is about how you design it, make it, use it, and then what to do with it when its no longer usable.
What is typically involved in new product development?
There are two main components of bringing a new product into development. The first is generating an idea, detail engineering and the product design. The second is market research and analysis.
Why is brainstorming called brainstorming?
because your brain is thinking so its storming for the answer or idea's like if you need a new idea for product development you brainstorm to think of a great idea.:]
What is the process of a new product development about?
There are a number of things a firm has to keep in mind when any new product development process has been started. If you have a proper plan and information about that particular project then you can clarify your stages of new product development. There are 10 main stages of new product development (NPD): - Idea Generation Idea screening Concept Testing Product Prototype External Refinement and Testing (Beta Test) Perfect the Design and Prepare for Production Prepare for Potential Issues and Solutions Commercialization Post Launch Activities Review the Performance of New Product
What are the new product development of hul?
idea generation product concept market strategy business analysis development design test marketing commercialization
What is product idea screening and what does it evaluate?
Screening new-product ideas in order to spot good ideas and drop poor ones as soon as possible.
True or false Questions about a new product idea generally elicit some acquiescence bias?
yes
