Share 'What is involved with launching an App?'

Hi all, Ron May, creator of the infamous May Report http://www.themayreport.com is still trying to understand the basics of Mobile Apps and he asked me a few questions about what is involved. I can answer many of them but I thought I'd pose these questions to the Chicago Android Community to see if we can get some experts to weigh in. I'm going to take your answers and send them to Ron for public…