The Key Success Factor in the Introduction Phase of the Industry

question 48

Multiple Choice

The key success factor in the Introduction phase of the industry is

• A)effective product innovation i.e., getting new products launched and in front of customers.
• B)making sure the workforce is multi-skilled.
• C)having a committed workforce, e.g., prepared to work weekends for no extra wages.
• D)just being creative.

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Definitions:

Residual Value

The estimated value that an asset is expected to have at the end of its useful life, after depreciation has been taken into account.

Net Income

The total profit of a company after all expenses, including taxes and interest, have been deducted from total revenue.

Average Rate

The mean price or value of a commodity or service over a given period or in a given market.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.