Your Company Is in the Process of Developing an Alternative

question 69

Essay

Your company is in the process of developing an alternative to carpet tile.To make your product more desirable and profitable,what correct costs of manufacturing carpet tiles should your designers focus on and why?

---

Definitions:

Foreign Market

Markets outside of a company's home country where it conducts or seeks to conduct business.

Primary Value Chain

The sequence of activities an organization undertakes to develop, produce, and sell its products or services, generating value for customers.

Production Function

An economic model expressing the relationship between inputs (like labor, capital) used in production and the output of those production processes.

Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market.