When should the product be taken out of the market

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Reference no: EM132292905

1. Before the RAM (RACI) chart can be created, the project manager and/or project team must have a clear understanding of the skills and knowledge needed for each of the work packages. How is this accomplished?

2. Create a BASS MODEL, based on this info: Brand new product (Sales in 2018 = 0) Total potential market = 5.000.000 Innovators per year = 4% (0.04) Imitators per year = 35% (0.35) Question: 1. What is the number of sales achieved ten years from now in 2028. 2. Assume we need to sell at least 5000 pieces to be profitable, when should the product be taken out of the market? 3.Reflect on strength and weaknesses of this method.

Reference no: EM132292905

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