Before a new product can be launched, important decisions and steps need to be taken from an  operations and financial management perspective. Using your own idea for a new product, write a  report applying the following themes from your prescribed textbook to your product:   • The components of the product (Chapter 11, section 11.4.2.2) • Stages in the design of the product (Chapter 11, section 11.4.2.3) • A source of short-term financing for the new product development (Chapter 14, section 14.10.2).

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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Before a new product can be launched, important decisions and steps need to be taken from an 
operations and financial management perspective. Using your own idea for a new product, write a 
report applying the following themes from your prescribed textbook to your product:

 
• The components of the product (Chapter 11, section 11.4.2.2)
• Stages in the design of the product (Chapter 11, section 11.4.2.3)
• A source of short-term financing for the new product development (Chapter 14, section
14.10.2).

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