Reference no: EM132230164
1. Discuss three (3) specific characteristics that you would use to define the target audience. Next, determine how you would utilize this market information to develop your product or service niche. Justify your response.
2. Because an engineering alternative is implemented only once, the expected value of its PW is actually a _____________ of the long-run average. A. Point estimate B. Parameter(s) C. MARR D. Absolute amounts
3. The competitive price is considered an ____________ variable when the top-down approach to cost estimation is applied. A. Space occupied B. Material cost C. Input D. Output
4. 1. An example of an indirect cost category is _______________.
A. Space occupied B. Quality control costs C. Economies of scale D. Power law model
5. If three-estimate sensitivity analysis is used, an example for which the pessimistic estimate is probably the lowest value is _____________
A. Alternative life B. Decision node C. First cost D. Replacement machine
6. A dimensionless number that expresses the ratio of cost estimates at two different times is a ____________.
A. Cost index B. Supplement each other C. Linear relations D. Economies of scale