Condor Airplane Company Has Built a New Model Jet Aircraft

question 11

Multiple Choice

Condor Airplane Company has built a new model jet aircraft which it intends to sell to high net worth clients.This aircraft required 25,000 hours to complete.Condor believes an incremental unit-time learning model with an 82% learning curve best reflects the company's production efficiency.Condor just received a contract to make seven identical aircraft.What will be the expected unit time for the eighth aircraft?

• A)20,500.00.
• B)16,810.00.
• C)13,784.20.
• D)11,303.04.
• T x Lⁿ = time required for the nth time the task is done.T = 25,000 hours;L = 82%;n = # of times the task is doubled = 3.25,000 x 0.82³ = 13,784.20

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Definitions:

Product Line

A group of related products under a single brand offered by the same company.

Branding

A marketing decision in which an organization uses a name, phrase, design, symbols, or combination of these to identify its products and distinguish them from those of competitors.

Perceptual Benefits

The advantages a consumer believes they derive from a product or service based on their personal perceptions and feelings.

Gatorade Thirst Quencher

A widely recognized brand of sports drink formulated to hydrate and replenish nutrients and electrolytes lost during physical exertion.