The Analysis Tool That Helps Determine What Products to Develop

question 131

Multiple Choice

The analysis tool that helps determine what products to develop, and by what strategy, by listing products in descending order of their individual dollar contribution to the firm is

• A) decision tree analysis
• B) Pareto analysis
• C) breakeven analysis
• D) product-by-value analysis
• E) product life cycle analysis

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Definitions:

Assets

Resources owned by a person or entity considered valuable and can be used to meet debts, commitments, or legacies.

Re-Expression

The process of transforming data using a mathematical function to achieve a more linear relationship between variables.

Histogram

A graphical representation of data using bars of different heights to show the distribution of values within a dataset.

Assets

Economic resources owned or controlled by an individual or entity that are expected to produce value.