A Conservative Rule of Thumb Is to Establish a Business

question 17

Multiple Choice

A conservative rule of thumb is to establish a business' worth as ________ the firm's current annual profit.

• A) twice
• B) three times
• C) five times
• D) ten times
• E) fifteen times

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Definitions:

Product Design

The process of creating new products by conceiving, designing, and iterating, focusing on both functionality and appearance.

Boats

Small to medium-sized vessels primarily designed for the transportation of people or goods across water bodies, differing in terms of size, shape, and capacity.

House of Quality

A part of the Quality Function Deployment process that translates customer requirements into appropriate technical requirements for each stage of product development and production.

Competitive Assessment

The evaluation of competitors in terms of their strengths, weaknesses, opportunities, and threats to identify one's own competitive advantage.