Manufacturing Business Industries Assignment | Homework For You
The company is now (January 2015) considering the development of gardening tools and equipment and, as a first step, a detailed plan has been put forward to produce an electric lawnmower (code-named the LM15). Market Research
has suggested that consumers make their decisions in this market on the basis of price, convenience, safety and the presence of features such as a grass collecting box and an edge trimmer. Taking this market research information into account, an outline design has been formulated. This includes a processor that will precisely control the height of the blades on uneven lawns and an electronic voice that announces when the grass collecting box is full. Now a decision has to be made on whether the project should be continued. The market research and development of the design has already cost $2.5 million. If a decision to continue is made, it is hoped that a successful prototype can be developed by December 2015.
Question 2 Discuss in detail the strengths and limitations of your analysis in the context of the problem faced by Conroy Manufacturing. What other information would you need to improve your analysis?
Assessment Format: A report addressing the 2 questions – text, illustrations, diagrams and calculations – supported by reference to the sources of information and theoretical frameworks of understanding. Refer to the Student Handbook for more information.
• Evidence of analysis, assumptions and advice supported by reference to frameworks explained in the course
• Appropriate and accurate illustrations, diagrams and calculations to support your abalysis
• Discussion of the strengths and limitations of analysis, and the implications
• Appropriate application of the referencing convention. Get Statistics homework help today