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Transcendent Alternatives
Transcendent Technologies is deciding between developing complicated,thought-activated software,or simple,voice-activated software.The voice-activated software would cost $50 million to develop and has a 60% chance of being successfully launched and generating revenue of $100 million.The thought-activated software would be a bonanza if successful,generating $1 billion in revenue.But it is so complicated,it is projected to cost would be $400 million.How likely would success have to be for Transcendent Technologies to opt for the thought-activated software?
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In economics, the total satisfaction received from consuming a good or service.
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An individual who starts, organizes, manages, and assumes the risks of a business or enterprise, often innovating and creating new products, services, or business models.
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