Operations Management
Operations Management
17th Edition
ISBN: 9781259142208
Author: CACHON, Gérard, Terwiesch, Christian
Publisher: Mcgraw-hill Education,
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Chapter 20, Problem 6PA
Summary Introduction

To determine: The statement which best relates to the idea of minimum viable product.

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Which of the following Statement is /are correct with regard to product concept? Statement-I the essential or basic benefit a buyer expects to get from the product. Statement-II the physical entity together with the services it could not render to the users. a. Only Statement-II b. Only Statement-I c. Both Statement-I and II d. None of these.
Which of the following statements is true of the development stage of the new-product development process?   a. Costs decrease dramatically once a product idea enters the development stage.   b. The development stage involves examining the feasibility of manufacturing a product at an acceptable cost.   c. Simultaneous product development increases the time spent in the development process.   d. The development stage involves evaluating a new-product idea before creating a prototype.
When considering the new-product development process, which of the following statements is true of idea screening?   a. It eliminates ideas that are inconsistent with an organization's new-product strategy.   b. It calculates preliminary figures for demand, cost, sales, and profitability.   c. It involves getting consumer reactions to visual representations of a proposed product.   d. It involves making cosmetic or functional changes to existing products.
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