Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For our last discussion, it is time to get creative! This chapter focused on decision making - make or buy, proper mix of products, discontinue

For our last discussion, it is time to get creative! This chapter focused on decision making - make or buy, proper mix of products, discontinue a segment of operations. Innovations by companies have made so many amazing products available to the consumer. It wasn't that long ago that a phone was just a phone - it made calls to friends and family and was used to do business. That's it! Now phones have replaced our cameras, planners, and televisions!

As a fun way to end your time in Principles of Accounting we would like you to think about a product you use every day. 


What might be the next evolution in the product (what would you love for it to do)? 


Or what complimentary item could the company that sells the product add to their product line to increase revenues?


What factors would the manufacturer consider in deciding whether or not to add that feature or product line?

Step by Step Solution

3.50 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

The product I use every day is a laptop and I think the next evolution in laptops could be the integ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Processes Systems and Information An Introduction to MIS

Authors: Earl McKinney, David M. Kroenke

2nd edition

978-1292059419, 1292059419, 978-0133546972, 133546977, 978-0133546750, 133546756, 978-013354675

More Books

Students also viewed these Accounting questions

Question

How are writable CDs implemented?

Answered: 1 week ago