Peter Simmons owns a specialized computer software company. Although Peter's software designers and programmers are very good, it takes 2-3 years to develop a good software product. This example illustrates the need for funding or financing referred to as ________.
A) personnel costs
B) marketing costs
C) costs associated with building a brand
D) lengthy product development cycles
E) cash flow challenges

Question

Quizplus · Accepted Answer

Lengthy product development cycles require funding or financing to cover expenses during the extended period until the product is ready to be sold. This may include salaries, equipment, research, and development expenses.

Peter Simmons Owns a Specialized Computer Software Company