The Custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects. Following are five projects under consideration. Criteria Weight Project 1 Project 2 Project 3 Project 4 Project 5 Strong sponsor 2 4 4 3 5 2 Supports business strategy 1 0 10 5 7 0 Urgency 3 5 2 4 7 2 10% of sales from new products 3 7 6 3 7 10 Using the scoring matrix above, what score would you give to each project? Competition Fill market gap 2 4 2 2 8 10 4 0 6 10 1 7

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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EX2-7 (Algo) The Custom Bike Company...
The Custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects. Following are five projects under
consideration.
Criteria
Weight
Project 1
Project 2
Project 3
Project 4
Project 5
Strong sponsor
Project 1
Project 2
Project 3
Project 4
Project 5
2
4355 AN
4
2
Supports business
strategy
1
0
10
5
7
0
Urgency
3
52472
10% of sales from
new products
3
76770
Using the scoring matrix above, what score would you give to each project?
Competition Fill market gap
4
2
2
10
0
6
10
1
7
Transcribed Image Text:EX2-7 (Algo) The Custom Bike Company... The Custom Bike Company has set up a weighted scoring matrix for evaluation of potential projects. Following are five projects under consideration. Criteria Weight Project 1 Project 2 Project 3 Project 4 Project 5 Strong sponsor Project 1 Project 2 Project 3 Project 4 Project 5 2 4355 AN 4 2 Supports business strategy 1 0 10 5 7 0 Urgency 3 52472 10% of sales from new products 3 76770 Using the scoring matrix above, what score would you give to each project? Competition Fill market gap 4 2 2 10 0 6 10 1 7
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