You have developed the following simple product structure of items needed for your gift bag for a rush party for prospective pledges in your organization. you forecast 250 attendees. assume that there is no inventory on hand of any of the items. explode the bill of material. (subscripts indicate the number of units required.)

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1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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