The analysis tool that helps determine what products to develop, and by what strategy, by listing products in descending order of their individual dollar contribution to the firm is
A) decision tree analysis
B) Pareto analysis
C) breakeven analysis
D) product-by-value analysis
E) product life cycle analysis

Question

Quizplus · Accepted Answer

Product-by-value analysis lists products in descending order of their individual dollar contribution to the firm, which helps determine what products to develop and by what strategy. Decision tree analysis is more focused on decision-making under uncertainty, while Pareto analysis is a statistical technique used to identify the most important factors or products. Breakeven analysis is used to determine the point at which revenue equals costs. Product life cycle analysis focuses on the different stages a product goes through during its lifespan.

The Analysis Tool That Helps Determine What Products to Develop