Explain the product development strategy
What will be an ideal response?
A product development strategy is when the company creates new products and attempts to sell these to its current customers, thereby continuing to enhance its ability to achieve its current mission. With this strategy, the products developed will serve the current market. An aircraft company may decide to design and build a different size of aircraft that its current commercial airlines customers may want to help them pursue their goals.
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Mr. Raynold writes a will placing his estate in a trust on his death. He names a local bank as the trustee to administer the trust and invest its assets
The trust provides that when his grandson reaches the age of 23, the trust will terminate, and he will be given legal title to the assets. Mr. Raynold dies when the grandson is 12 years old. At the age of 23, the grandson inherits the title to the assets. What kind of trust is created by Mr. Raynold in this scenario? A) an inter vivos trust B) a testamentary trust C) a constructive trust D) a resulting trust
Which one of these is NOT a type of planning performed by a manager?
A) Program B) Strategic C) Tactical D) Operational E) None of the above