QUESTION 48 In which stage of the product development process will a company see prototypes? a. Conceptualization b. Planning c. Commercialization d. End product
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
QUESTION 48
In which stage of the product development process will a company see prototypes?
a.
Conceptualization
b.
Planning
c.
Commercialization
d.
End product
QUESTION 50
As a marketer, you are looking at, among other things, what the firm needs to make its products and bring it to market and those who will buy the product. Which element of the micro-environment is considered most important as the exchange partner with different wants and needs?
a.
Customers
b.
Competitors
c.
Intermediaries
d.
Suppliers
Trending now
This is a popular solution!
Step by step
Solved in 2 steps