Operations Management
2nd Edition
ISBN: 9781260484687
Author: CACHON, Gerard
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Question
Chapter 20, Problem 6PA
Summary Introduction
To determine: The statement which best relates to the idea of minimum viable product.
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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.
Which of the following Statement is /are correct with regard to Test
marketing? Statement-I model products will provide the ground for
final selection of the most promising model for mass production
and mass distribution. Statement-Il Customer reactions can be
tested under normal market conditions.
O a. Only Statement-Il
O b. None of these.
O c. Only Statement-1
O d. Both Statement-I and II
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.
Chapter 20 Solutions
Operations Management
Ch. 20 - Prob. 1CQCh. 20 - Prob. 2CQCh. 20 - Prob. 3CQCh. 20 - Prob. 4CQCh. 20 - Prob. 5CQCh. 20 - The Kano model classifies needs into three...Ch. 20 - Prob. 7CQCh. 20 - Prob. 8CQCh. 20 - Prob. 9CQCh. 20 - Prob. 10CQ
Ch. 20 - Prob. 11CQCh. 20 - Prob. 12CQCh. 20 - Prob. 13CQCh. 20 - Prob. 14CQCh. 20 - Prob. 15CQCh. 20 - Prob. 16CQCh. 20 - Prob. 17CQCh. 20 - Prob. 18CQCh. 20 - Prob. 19CQCh. 20 - Prob. 1PACh. 20 - Prob. 2PACh. 20 - Prob. 3PACh. 20 - Prob. 4PACh. 20 - Prob. 5PACh. 20 - Prob. 6PACh. 20 - Prob. 7PACh. 20 - Prob. 2.1CCh. 20 - Prob. 2.2CCh. 20 - Prob. 2.3C
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- If a product idea is feasible, it Select one: a. is a long-lasting good. b. is expensive to produce. c. meets sales targets. d. gives you a competitive advantage.arrow_forwardWhich of the following Statement is /are correct with regard to Test marketing? Statement-I model products will provide the ground for final selection of the most promising model for mass production and mass distribution. Statement-II Customer reactions can be tested under normal market conditions. a. Only Statement-I b. Both Statement-I and II c. None of these. d. Only Statement-IIarrow_forwardWhich of the following statements holds true for the term, broad company loyalty? Group of answer choices It refers to a situation where the anxiety of the workday in a job consistently washes over into the employee's nonwork life. It refers to a situation where an employee has the conviction that an organization—it's ideals and actions—has intrinsic value distinct from its ability to serve the employee's interests by providing a paycheck and associated benefits. It refers to a situation where an employee is willing to stick with an employer instead of seeking work elsewhere. It refers to a situation, especially as a result of being offered a gift, where an employee's personal welfare may corrupt his or her ability to serve the employer's interest.arrow_forward
- Which of the following statements BEST describes the purpose of a Deability income policy? A It is used to pay for hospital, medical, and surgical expenses if a senous disability occurs. It is designed to supplement Medicare Part A benefits It is used to pay for an insured's normal living expenses if the insured becomes disabled It is designed to supplement Workers' Compensation benefits B D.arrow_forwardThis is the last step before launching a product or service. What new product development process is mentioned? O a. Developing a product or service description O b. Creating a prototype C. Validating the market O d. Testing the prototypearrow_forwardIn the selling process, which of the following is true of a salesperson's conducting the needs assessment of prospective clients? O It should be carried out by the salesperson during development of the sales proposal. O It requires the salesperson to be aware of regulations and legislation that affect the industry. O It does not include the impact of competition on the demand for the product that is being sold. O The salesperson in relationship selling does not need to conduct a needs assessment.arrow_forward
- Which of the following option is the best example for the concept of positive value? a. A person wants to become a popular singer b. You help a killer to escape the police c. A person helps his sick parents with all their responsibilities d. You supply illegal drugs in your countryarrow_forwardSurvey reports are always part of the process of a research paper under Chapter 4 even when the methodology does not employ survey method. Survey reports conducted by companies, government or non-government organizations do not undergo validation of data through series of evaluation from experts. First statement is accepted; the second statement is rejected First statement is rejected; the second statement is accepted Both statements are accepted Both statements are rejectedarrow_forwardIn model review context, this objective involves the documentation of aspects of the model, without changing it, nor passing any direct judgement on it Group of answer choices A.pure audit B.No choice given C.redesign D.improvement E.reviewarrow_forward
- The business analysis stage generates extremely important information for new product development as: a. collecting information from different sources to generate new ideas. b.verifying if the product will perform well in a real-life environment. c.turning the original concept into a product. d.assessing how the product can be differentiated from the competition.arrow_forwardWhich of the following statements 0/3 about the sources of product knowledge is true? * A salesperson cannot understand the product until he or she has spent time on the manufacturing line producing it. The best source of information on the product is the director of sales. Company product literature is of less value to salespeople than it is to customers. Spending time using the product can O give a salesperson in-depth knowledge of its features.arrow_forwardWhat is the purpose of creating prototypes? a. To earn more money b. They just made it for fun c. To show how the company wants to sell the products d. To give the visual image for the productarrow_forward
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