Once the Product or Service Passes the Business Analysis Test,it

question 129

Multiple Choice

Once the product or service passes the business analysis test,it moves into what stage?

• A)concept development
• B)product development
• C)market testing
• D)strategy development
• E)product proposal

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Definitions:

Marginal Cost

The price involved in creating another unit of a good or service.

Break-even Price

The price at which total revenues equals total costs, resulting in neither profit nor loss.

Shut-down Price

The price level at which a business's revenue just covers its variable costs, below which it will cease operations.

Average Variable Cost

The average cost of variable inputs (like labor and materials) per unit of output produced.