Answer:
The answer is: E) Idea screening
Explanation:
Idea screening is the second stage (comes after idea generation) of the new product development process. Its main purpose is to select "good ideas" and filter out "bad ideas".
The following questions usually help in defining what ideas can classify as good or bad.
- Do we really need to introduce a new product?
- Can our existing facilities produce the new product, or what is needed for them to be able to?
- Can we sell the new product with our existing marketing network, or what do they need to be able to do so?
- When will the new product generate profit?
Many times the concept of good or bad idea depends on the organization itself. If the answers to the questions above are positive and the company is able to go along with the project, then the new product should continue to stage 3 (concept testing).
Standard:
Wool required = 2 yard^2 per coat
Cost = $44/ yard^2
Therefore,
Total standard cost per coat = wool per coat * cost per yard squared = 2*44 = $ 88 per coat.
The correct answer is C.
you'll have 59.2% profit margin (148,000)
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Answer:
the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
If the United States imports more than it exports, then this means that the supply of dollars is likely to exceed the demand in the foreign exchange market, ceteris paribus.
Generally, when import exceeds export there would be a deficit in the financial account of the country.
Hence, a deficit on the current account is because the value of goods and services exported is lower than the value of goods and services being imported in a particular country.
