Question

Peter Simmons owns a specialized computer software company. Although Peter's software designers and programmers are very good, it takes 2-3 years to develop a good software product.
This example illustrates the need for funding or financing referred to as ________.

A. lengthy product development cycles
B. personnel costs
C. costs associated with building a brand
D. cash flow challenges
E. marketing costs

Answer 1

Answer:

A. lengthy product development cycles

Explanation:

The product development cycle refers to the length of time that it takes a producer to create a product. This is different based on each company and the product that they sell. For computer software companies, the product development cycle can be quite long, as the products are very complex and require the work of many people. This cost should be taken into account when discussing funding or financing.

Answer 2

Answer:

A. lengthy product development cycles

Explanation:

Based on the scenario being discussed in the question, Peter Simmons owns a specialized computer software company which he designs software and programs, the programmers and software engineers working for Peter take about 2-3 years for them to be able develop a program product, this lengthy time they use in making these programs products makes the program product to called or known as lengthy product development cycles, because they take time to produce.