Wednesday, 28 August 2019
Describe how a business selects which projects to work on when there are numerous projects that could be done.
Develop a set of criteria against which the opportunity will be evaluated. These criteria will probably include both quantitative and qualitative factors. For example, if a pharmaceutical company is considering opportunities involving the development and introduction of several new products, it might evaluate each opportunity against the determined criteria such as; Alignment with company goals, Anticipated sales volume, increase in market share, Establishment of new markets, Anticipated retail price, Investment required. Estimated manufacturing cost per unit
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