Question 1

Which of the following is not a reason firms innovate and develop new products?

Accepted Answer

A) To obey government mandates 
B) To achieve a competitive advantage 
C) To gain market share 
D) To take advantage of higher profitability on a new product 
E) To enhance a brand name 
A) To obey government mandates 
B) To achieve a competitive advantage 
C) To gain market share 
D) To take advantage of higher profitability on a new product 
E) To enhance a brand name A

Question 2

At the strategic level,the concepts,tools,and techniques used in the development of new goods and services have few similarities.

Accepted Answer

A) True 
 B)False  False

Question 3

In a low-clock-speed industry,like the chemical industry,a generation of products may last as long as 5 to 10 years.

Accepted Answer

A) True 
 B)False  True

Question 4

When a company decides to sell a basic printing station and then allows the customer to add desired functions like a hole punch,stapler,collator,and a folding station,they are using

Accepted Answer

A) Concurrent engineering 
B) Modular design 
C) Green production 
D) Rapid prototyping 
E) CAD 
A) Concurrent engineering 
B) Modular design 
C) Green production 
D) Rapid prototyping 
E) CAD

Question 5

Identify two high-clock-speed industries and two low-clock-speed industries.

Accepted Answer

High-clock speed: electronics,

Question 6

The new product development process needs to primarily consider trade-offs among which of the following?

Accepted Answer

A) Reliability,durability,cost 
B) Time,cost,quality 
C) Design,marketing,finance 
D) Competition,environment,customer needs 
E) Color,size,packaging 
A) Reliability,durability,cost 
B) Time,cost,quality 
C) Design,marketing,finance 
D) Competition,environment,customer needs 
E) Color,size,packaging

Question 7

Briefly describe rapid prototyping.

Accepted Answer

Rapid prototyping is a technique for qui

Question 8

A new product often faces less competition than a product in a mature market,sometimes resulting in higher profitability.

Accepted Answer

A) True 
 B)False

Question 9

Give examples of a product and a new disruptive product that is displacing it in the computer industry,in transportation,in the communication industry,and in the music industry.

Accepted Answer

Computer industry: mainframes and person

Question 10

The stages of the product life cycle are generally presented in the following order:

Accepted Answer

A) Introduction,growth,decline,maturity 
B) Growth,maturity,decline,introduction 
C) Introduction,decline,maturity,growth 
D) Introduction,growth,maturity,decline 
E) Decline,introduction,maturity,growth 
A) Introduction,growth,decline,maturity 
B) Growth,maturity,decline,introduction 
C) Introduction,decline,maturity,growth 
D) Introduction,growth,maturity,decline 
E) Decline,introduction,maturity,growth

Question 11

Mass customization allows customers to codesign products and services that meet their specific needs with regard to the product features.

Accepted Answer

A) True 
 B)False

Question 12

Which product life cycle stage normally finds the most competitors in a market?

Accepted Answer

A) Introduction 
B) Growth 
C) Maturity 
D) Decline 
E) More than one category 
A) Introduction 
B) Growth 
C) Maturity 
D) Decline 
E) More than one category

Question 13

Green production generally considers all the following activities except

Accepted Answer

A) Reducing waste 
B) Reducing emissions during production 
C) Accessing the total impact of a good on the environment 
D) Taking into account every activity associated with production 
E) Following ISO guidelines 
A) Reducing waste 
B) Reducing emissions during production 
C) Accessing the total impact of a good on the environment 
D) Taking into account every activity associated with production 
E) Following ISO guidelines

Question 14

Identify five major trends in product development.

Accepted Answer

Continuous and disruptive inno

Question 15

An effective new product development process can generally optimize delivery time,manufacturing costs,and quality.

Accepted Answer

A) True 
 B)False

Question 16

What are the four stages of the product life cycle?

Accepted Answer

Introducti

Question 17

At the operational level,differences between manufacturing and services are very few and seldom need to be considered.

Accepted Answer

A) True 
 B)False

Question 18

Profit management is a common initial driver for a new product development process for tangible goods.

Accepted Answer

A) True 
 B)False

Question 19

What is an example of redundancy in your automobile?

Accepted Answer

A) Having left and right fenders 
B) Having front and back seats 
C) Having a battery and a starter 
D) Having a break and an emergency break 
E) Having a lug wrench and a jack 
A) Having left and right fenders 
B) Having front and back seats 
C) Having a battery and a starter 
D) Having a break and an emergency break 
E) Having a lug wrench and a jack

Question 20

The four stages of the product life cycle are research,development,manufacturing,and completion.

Accepted Answer

A) True 
 B)False

Which of the following is not a reason firms innovate and develop new products?

At the strategic level,the concepts,tools,and techniques used in the development of new goods and services have few similarities.

In a low-clock-speed industry,like the chemical industry,a generation of products may last as long as 5 to 10 years.

When a company decides to sell a basic printing station and then allows the customer to add desired functions like a hole punch,stapler,collator,and a folding station,they are using

Identify two high-clock-speed industries and two low-clock-speed industries.

The new product development process needs to primarily consider trade-offs among which of the following?

Briefly describe rapid prototyping.

A new product often faces less competition than a product in a mature market,sometimes resulting in higher profitability.

Give examples of a product and a new disruptive product that is displacing it in the computer industry,in transportation,in the communication industry,and in the music industry.

The stages of the product life cycle are generally presented in the following order:

Mass customization allows customers to codesign products and services that meet their specific needs with regard to the product features.

Which product life cycle stage normally finds the most competitors in a market?

Green production generally considers all the following activities except

Identify five major trends in product development.

An effective new product development process can generally optimize delivery time,manufacturing costs,and quality.

What are the four stages of the product life cycle?

At the operational level,differences between manufacturing and services are very few and seldom need to be considered.

Profit management is a common initial driver for a new product development process for tangible goods.

What is an example of redundancy in your automobile?

The four stages of the product life cycle are research,development,manufacturing,and completion.

Operations and Supply Chain Strategy

Quality Management

Process Design and Analysis

Forecasting

Independent Demand Inventory

Dependent Demand Inventory

Project Management

Optimization and Simulation Modeling

Capacity Planning

Quality Improvement Methods

Lean Enterprise

Technology and Integrated Supply Management

Global Supply Chain and Service Integration

Filters

Exam 3: New Product Development

Which of the following is not a reason firms innovate and develop new products?

At the strategic level,the concepts,tools,and techniques used in the development of new goods and services have few similarities.

In a low-clock-speed industry,like the chemical industry,a generation of products may last as long as 5 to 10 years.

When a company decides to sell a basic printing station and then allows the customer to add desired functions like a hole punch,stapler,collator,and a folding station,they are using

Identify two high-clock-speed industries and two low-clock-speed industries.

The new product development process needs to primarily consider trade-offs among which of the following?

Briefly describe rapid prototyping.

A new product often faces less competition than a product in a mature market,sometimes resulting in higher profitability.

Give examples of a product and a new disruptive product that is displacing it in the computer industry,in transportation,in the communication industry,and in the music industry.

The stages of the product life cycle are generally presented in the following order:

Mass customization allows customers to codesign products and services that meet their specific needs with regard to the product features.

Which product life cycle stage normally finds the most competitors in a market?

Green production generally considers all the following activities except

Identify five major trends in product development.

An effective new product development process can generally optimize delivery time,manufacturing costs,and quality.

What are the four stages of the product life cycle?

At the operational level,differences between manufacturing and services are very few and seldom need to be considered.

Profit management is a common initial driver for a new product development process for tangible goods.

What is an example of redundancy in your automobile?

The four stages of the product life cycle are research,development,manufacturing,and completion.

Operations and Supply Chain Strategy

Quality Management

Process Design and Analysis

Forecasting

Independent Demand Inventory

Dependent Demand Inventory

Project Management

Optimization and Simulation Modeling

Capacity Planning

Quality Improvement Methods

Lean Enterprise

Technology and Integrated Supply Management

Global Supply Chain and Service Integration

Filters