Choose the correct option: a. A business’s development requires the trial and error process no matter what the cost is. b. You should wait for the natural evolution of events to show you successful action. c. The trial-and-error procedure is appropriate provided said trials don’t put your company at risk due to excessive time or cost implications
Q: It IS NOT answer B. and full explanation plz.
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- I need a full description of the role of each of these components listed below from 10-18 for " BLOOD PRESSURE THAT IS A WIRELESS, REMOTE MONITORING DEVICE THAT CONNECTS TO A SMARTPHONE APP WITH ACCURATE MEASUREMENTS". And by referring to the below table: 10. Reimbursement: Explain how the product will be reimbursed and any relevant insurance coverage. 11. Business model: Describe the business model for the product, including pricing, distribution, and revenue streams. 12. Marketing and sales: Explain the marketing and sales strategy for the product, including how you plan to reach your target audience. 13. Financial information: Provide financial projections for the product, including revenue, expenses, and profit margins. 14. Exit scenarios: Discuss potential exit scenarios for the product, such as acquisition or IPO. 15. The ask: Outline any funding needs for the product and how the funds will be used. 16. Management team: Introduce the management team and…the research results. If the development process is successful, then we have to decide whether tomarket the new product.”“Why wouldn’t we want to market it after successfully developing it?” asks Marc.“That’s a good question. Basically what I mean is that we could decide not to sell the productourselves but instead give the right to sell it to somebody else, to GM, for example. They would pay us$1 million for it.”“I like those numbers!” remarks Julie.“Once we decide to build the product and market it, we will face the market uncertainties andI’m sure that Julie has those numbers ready for us. Thanks.”At this point, Brian sits down and Julie comes forward to give her presentation. Immediatelysome colorful slides are projected on the wall behind her as Max operates the computer.“Thanks, Brian. Well, here’s the data we have been able to gather from some marketingresearch. The acceptance of our new product in the market can be high, medium, or low,” Julie ispointing to some figures…the research results. If the development process is successful, then we have to decide whether tomarket the new product.”“Why wouldn’t we want to market it after successfully developing it?” asks Marc.“That’s a good question. Basically what I mean is that we could decide not to sell the productourselves but instead give the right to sell it to somebody else, to GM, for example. They would pay us$1 million for it.”“I like those numbers!” remarks Julie.“Once we decide to build the product and market it, we will face the market uncertainties andI’m sure that Julie has those numbers ready for us. Thanks.”At this point, Brian sits down and Julie comes forward to give her presentation. Immediatelysome colorful slides are projected on the wall behind her as Max operates the computer.“Thanks, Brian. Well, here’s the data we have been able to gather from some marketingresearch. The acceptance of our new product in the market can be high, medium, or low,” Julie ispointing to some figures…
- An organization with several product lines has a product mix. A product mix (or product portfolio) consists of all the product lines and items that a particular seller offers for sale. Select one: a. True. b. False. New techniques and methods of production are a part of: Select one: a. Natural environment b. Cultural environment c. Demographic environment d. Technological environmentName and discuss 3 primary types of objections customers typically raise: 1. Price objection: Customer believes quoted price is too high. 2. Product Objection: Customer voices concerns about some element of product or service or customer might not be familiar with the product. 3. Time objection: Customer considering buying, but needs more time or customer has no intention of buying and wants to get rid of salesperson. Imagine you are newly employed as an Assistant Vice President (AVP) of Corporate Sales at a marketing organization. In the upcoming week, your team will be hosting a presentation for a new line of Tennis Rackets for 75 prospects. As you are aware, prospects are going to raise objections about this product. Using the compensation technique (admits the objection is valid but also discusses other benefits). and the acknowledgment technique (admits the objection is valid) discuss how one can apply these techniques to overcome objections. Why? Please be mindful to use…There is a high failure rate for the person who actually starts his or her own business. Select one: True False These are situations in which new goods, services, raw materials, and organizing methods can be introduced and sold at greater than their cost of production Select one: a. entrepreneurial thinking b. entrepreneurial action c. entrepreneurial business d. entrepreneurial opportunities
- In a business report, the conclusions present suggestions on how the problem might be solved; True or FalseI need to a full description of the role of each of these components listed below 1-9 for " BLOOD PRESSURE THAT IS A WIRELESS, REMOTE MONITORING DEVICE THAT CONNECTS TO A SMARTPHONE APP WITH ACCURATE MEASUREMENTS". And by referring to the above table: 1. Cover slide: The cover slide should include the product name, your company's logo, and any other relevant information. 2. Elevator statement: Provide a brief summary of the product, including its unique selling proposition, target audience, and benefits. 3. The clinical need: Describe the clinical need for the product and how it solves an existing problem. 4.The solution: Provide a detailed explanation of the product, including its features, benefits, and how it works. 5. The market: Describe the target market for the product and the potential size of the market. 6. Intellectual property (IP): Discuss any patents, trademarks, or copyrights related to the product. 7. R&D: Describe the research and development…You have identified a large number of risks during your risk identification process. What will be your next step? A. You will prioritize them using the Qualitative Risk Analysis process B. Go for the Quantitative Risk Analysis C. You develop a Risk Management Plan D. You develop a Risk Response Plan E. You will develop a Risk Monitor Plan F. None of the above.
- The most risky and challenging opportunities usually involve: A. market development. B. product development. C. diversification. D. market penetration. E. all of these are similar in terms of risk.Answer the questions based on the case. Alia is a salesperson in an electronics company. At a recent trade exhibition, she met a supplier that was willing to supply her company with a product on an exclusive basis (i.e., available to her company only) that could offer in the business marketplace. The product in question has already been successfully developed and tested and – yet – is not being sold on the market. Alia knows from speaking to the customers that there is demand for such a product and it would plug a gap in her company’s product portfolio and give the company a significant competitive advantage. Then, Alia approach the product management division with all her idea, and, to her surprise, they are very unenthusiastic and reject the idea, stating “We always develop our products in-house in this department – it would cost the company far too much to set up the processes to buy in a product from outside”. Questions. What Alia can do to argue or persuade the product…Answer the questions based on the case. Alia is a salesperson in an electronics company. At a recent trade exhibition, she met a supplier that was willing to supply her company with a product on an exclusive basis (i.e., available to her company only) that could offer in the business marketplace. The product in question has already been successfully developed and tested and – yet – is not being sold on the market. Alia knows from speaking to the customers that there is demand for such a product and it would plug a gap in her company’s product portfolio and give the company a significant competitive advantage. Then, Alia approach the product management division with all her idea, and, to her surprise, they are very unenthusiastic and reject the idea, stating “We always develop our products in-house in this department – it would cost the company far too much to set up the processes to buy in a product from outside”. Question2. Advise Alia on how to recognize the opportunities in…
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