Product Development. Consider the simplified set of activities in the Table below for the development of a consumer product from initiation through the market test phase.
Time estimate (weeks)
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Develop pricing strategy
Conduct promotional cost analysis
Manufacture prototype models
Perform product cost analysis
Perform final pricing analysis
Conduct market test
- Draw the AOA network for this project.
- Calculate total slacks and free slacks, and interpret their meaning. .
- Determine the critical path and interpret its meaning.
- Construct a Gantt chart and mark the latest start times for each activity.
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