Product X currently sells for $12 per unit. The variable costs is $4 per unit and 10,000 units are sold annually with a profit of $30,000 per year. A new design will increase the variable cost by 24% and fixed cost by 13% but sales will increase to 12490 units per year. At what selling price do the break even occurs for the new design?
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- The following table shows the performance criteria, weights, and scores (1 = worst, 10 = best) for a new product: a thermal storage air conditioner. If management wants to introduce just one new product and the highest total score of any of the other product ideas is 800, should the firm pursue making the air conditioner? Performance Criterion Weight (A) Score (B) Weighted Score (A x B) Market potential Unit profit margin Operations compatibility Competitive advantage Investment requirement Project risk 30 20 20 15 10 5 8 10 6 10 2 4 240 200 120 150 20 20 Weighted score = 750Sales for the last quarter of the year were good, with tops sales at 3,400 units and pants sales at 3,200 units. Demand for the first quarter sales of next year is expected to decline by 8%. What is your forecast for the demand of tops and pants? Tops Sales Forecast: 0 ▲ ▼ Pants Sales Forecast: 0 ▲ ▼ Is there anything you could do to help minimize the effect of the projected decline in demand on sales?Jon Snow has invented a new and improved space heater unlike anything in the market. He has a prototype but after unsuccessfully pitching his idea to a large manufacturer group, Wildlings Worldwide, he has decided he will form his own manufacturing business. One of his concerns is raising enough capital so he can meet the high demand for his space heaters by the time winter comes. what are the risks? What business entity would you form and Why?
- 1. What are the five phases in the systems development life cycle? 2. What are the five major dimensions of feasibility study? 3. What are three examples of activities performed during the planning phase? 4. What are examples of three tasks involved in the requirements-gathering and analysis phase? 5. What are examples of three tasks performed during the design phase? 6. What are examples of three tasks performed during the implementation phase? 7. What are examples of three tasks performed during the maintenance phase? 8. List four new trends in systems analysis and design.What are the primary reasons that business models fail ? Briefly discuss the importance of the feasibility tes? What is the lean startup movement , and what was its origin ? Discuss three common problems that result from lack of sufficient new product development resources? Briefly discuss the benefits of outsourcing products development for today’s entrepreneur?what are the critical success factors of sme in designing the products to sustain in competitive advantage? why is it important in organization?
- 1. How well the engineering managment problem addressed in the paper defined? 2. What was the source of data that the autohor used to investigate the problem? 3. Were the data analysed in a logical and scientifically sound manner? As a response to competitive and rapidly changing business environment, developing new products is an essential process that sustains competitive advantage and ensures business success of firms (Ferreras-Méndez, Olmos-Peñuela, Salas-Vallina, & Alegre, 2021; Turkcan, Imamoglu, & Ince, 2022). However, failure rate of the new product development (NPD) processes is high (Cooper, 2019). Consequently, both scholars and practitioners tirelessly explore factors leading to NPD success and examine their contribution to NPD performance in different contexts and levels. According to open innovation concept (Chesbrough, 2003), customer is one of the most mportant external knowledge sources of firms and plays a vital role in their success (Vaquero Martín, 2021).…PLEASE read the Business analysis essay below and Upload the continuance of the HPI process by addressing the Performance Analysis Essay: The ABC Community Center offers a venue for athletes to sharpen and enhance their talents. However, poor event scheduling has created interruptions in athletes' training and competition preparation. This problem has been shown to result in distracted athletes, decreasing attendance at events, and a deterioration in performance quality. The ABC Community Center's management team must address this issue by conducting a thorough investigation into the core cause of the problem and identifying remedies that will enhance the event booking process. This essay will assess the problems and provide suggestions to enhance the event scheduling process using HPI (Human Performance Improvement) approaches.Business Analysis:Doing a business analysis is the first step toward fixing the problem. This analysis's goal is to determine the scale of the problem, the…Explain four types of external failure costs and write a strategyto avoid each type.
- The following data refer to a single product, the TECHWHIZ, made by the Markdata Computer Company:Sales price = $5,595Direct materials cost (including purchased components) = $899Direct labor cost = $233Facilities costs (for a highly automated plant; mainly includes rent, insurance,taxes, and depreciation) = $2,352,000 per yearRequired1. What is the contribution margin per unit?2. What is the breakeven point, in units and in dollars?3. What is the required level of sales (in units) if the company plans to increase facilities costs by 5% (toimprove product quality and appearance) and has a desired before-tax profit (πB) of $200,000?4. If the company’s income tax rate is 22%, what unit sales are necessary to achieve an after-tax profit (πA)of $150,000?Case study: Suppose you are invited for consultation of developing and managing “FoodPanda Replica” for local market in Local City of Pakistan i.e Multan. If Prototype is successful you have to replicate this model in major cities of Pakistan. Your main targets are to guide for complete process (after learning through all the lectures of ASE Covered so far) from idea to implementation. So far this you have access of all type of requested resources (development + Non Development) but at the end of TSP Launch Process, team must be act as well jelled team and it must have to deliver what commits for developing successful Prototype. Identify all the stakeholders involved? Determine How many and what type of meetings you have to call start to end of the process? Define Goals for required meetings with agenda with all necessary stakeholders which are required for that particular meeting? Define Quality standards for each step which you can measure to check quality of delivered work? Define…A product at the Jennings Company enjoyed reasonable sales volumes, but its contributions to profits were disappointing. Last year, 17,500 units were produced and sold. The selling price is $22 per unit, the variable cost is $18 per unit, and the fixed cost is $80,000.a. What is the break-even quantity for this product? Use both graphic and algebraic approaches to get your answer.b. If sales were not expected to increase, by how much would Jennings have to reduce their variable cost to break even?c. Jennings believes that a $1 reduction in price will increase sales by 50 percent. Is this enough for Jennings to break even? If not, by how much would sales have to increase?d. Jennings is considering ways to either stimulate sales volume or decrease variable cost. Management believes that either sales can be increased by 30 percent or that variable cost can be reduced to 85 percent of its current level. Which alternative leads to higher contributions to profits, assuming that each is…