Question 7 Firm develop new products to a.gain market share and build brand equity b.keep their research and development teams gainfully employed c.take up slack in capacity d.gain first mover advantage and eliminate waste Question 8 Economic order quantity (EOQ) assumes all of the following conditions apply .demand is known and is constant over time .there are no shortages allowed .lead time for the receipt of orders is constant .Order quantity is received all at once true or false? question 10 Trade-offs in the new product development relate to A.Product / service design, time to market and profitability B.Proft. Expenditure and market share C.Time. cost and quality D.Market reach, product / service design and timing

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Question 7

Firm develop new products to

a.gain market share and build brand equity

b.keep their research and development teams gainfully employed

c.take up slack in capacity

d.gain first mover advantage and eliminate waste

Question 8

Economic order quantity (EOQ) assumes all of the following conditions apply

.demand is known and is constant over time

.there are no shortages allowed
.lead time for the receipt of orders is constant
.Order quantity is received all at once

true or false?

question 10

Trade-offs in the new product development relate to

A.Product / service design, time to market and profitability

B.Proft. Expenditure and market share

C.Time. cost and quality

D.Market reach, product / service design and timing

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