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Product And Service Innovations MCQ

A ______ innovation is a product or service that takes root initially in simple applications, typically at the low end of a market.

Answer

Correct Answer: Disruptive

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The ______ is a method that helps prevent runaway, over-budget product development cycles.

Answer

Correct Answer: Stage-gate approach

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The four product lifecycle stages are ______.

Answer

Correct Answer: Introductory, growth, maturity, and decline

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Which of the following equations is true?

Answer

Correct Answer: Value = Function ÷ Cost

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______ is a process in which a firm dismantles a competitor’s existing products to see how they work and whether they can be improved.

Answer

Correct Answer: Reverse engineering

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______ is a process that encompasses the range of tools and practices that describe how, when, and in what order an organization needs to deploy them in order to design reliable products.

Answer

Correct Answer: Design for reliability

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The three major elements of DFMA are ______.

Answer

Correct Answer: Raw material, choosing the right machines and processes, and assembly

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every aspect of product development is considered early in the process.

Answer

Correct Answer: Concurrent engineering

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______ is the total time it takes a supplier to both produce a product and deliver it after it’s been ordered.

Answer

Correct Answer: Lead time

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______ are targeted toward an existing market and can be either radical or incremental.

Answer

Correct Answer: Sustained innovations

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Proper ______ is the placement in the market of your product relative to competing products.

Answer

Correct Answer: Product positioning

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______ is the most critical, and perhaps, the most difficult phase of the stage-gate approach.

Answer

Correct Answer: Stage 2

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______ is an approach in which independently created units called modules can be combined with others and easily rearranged, replaced, or interchanged to create different products.

Answer

Correct Answer: Modular design

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As a result of technological and ______ changes, the lifecycle stages of products are becoming shorter.

Answer

Correct Answer: Consumer taste

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What process is used to identify improved functionality of a product at a lower cost, without affecting existing functions and standards?

Answer

Correct Answer: Value analysis

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Analysis conducted to improve the value of all components used to develop a product from its design to its final delivery is known as

Answer

Correct Answer: Value Engineering

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Abbreviation of VA

Answer

Correct Answer: Value Analysis

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In Unit-To-Unit Variation product variations caused by variations in the______

Answer

Correct Answer: Materials

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In Target Market the potential set of ______ who might buy a product

Answer

Correct Answer: Consumers

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A product or service targeted toward an existing market that can be radical or incremental in nature is known as

Answer

Correct Answer: Sustaining Innovation

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Which method is used that helps prevent runaway, over-budget product development cycles by dividing new projects into stages (or phases), with gates separating consecutive stages

Answer

Correct Answer: Stage-Gate® Approach

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Service System Design Matrix is a tool that establishes the relationship ______ of service

Answer

Correct Answer: Among three key factors

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_______ is an approach to product or service design in which minor variations caused by various factors in a production process do not adversely affect how a product performs

Answer

Correct Answer: Robust Product Design

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________ is a process in which a firm dismantles a competitor’s existing products to see how they work and whether they can be improved.

Answer

Correct Answer: Reverse Engineering

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In Rapid Prototyping quickly creating a miniature version of a product or a mock-up of a product using ______ based on methods that are designed to create virtual reality games

Answer

Correct Answer: New technology

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A method that translates customers’ wants and needs into product or service features is known as

Answer

Correct Answer: Quality Function Deployment

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Product Platform is a set of subsystems and ______ that form a common structure

Answer

Correct Answer: Components

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Abbreviation of PLM

Answer

Correct Answer: Product Lifecycle Management

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a marketing concept that refers to managing the business side of the product during its life cycle, particularly its costs and sales performance is known as

Answer

Correct Answer: Product Life-Cycle Management (PLCM)

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Process Design is the most cost-effective way to achieve the transformation of inputs to outputs to produce goods or services that satisfy customers

Answer

Correct Answer: True

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The overall process of strategy, organization, concept generation, product and marketing plan creation and evaluation is called

Answer

Correct Answer: New Product Development (NPD)

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An approach in which independently created units called

Answer

Correct Answer: Modules

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The mass production of individually customized products through the use of components assembled in several different configurations is known as

Answer

Correct Answer: Mass Customization

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In Lead Time the total time it takes a supplier to both produce a product and deliver it after it’s been ordered

Answer

Correct Answer: True

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In Internal Variation ______ caused by the wear and tear of production equipment as it ages

Answer

Correct Answer: Internal Variation

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House of Quality (HOQ) is a planning diagram that resembles a house used for capturing accurate and verifiable data from the customer in the first phase of the QFD process

Answer

Correct Answer: True

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Which is the correct statement about Global Product Development ?

Answer

Correct Answer: The process of introducing innovative new products, using an integrated, collaborative global team of engineers

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In external variation product variations caused by environmental conditions, such as temperature, humidity, or dust

Answer

Correct Answer: True

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Define Disruptive Innovation.

Answer

Correct Answer: A product or service that creates new and often unexpected markets through offering a totally new set of value propositions

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process that encompasses the range of tools and practices that describes how, when, and in what order an organization needs to deploy them to design reliable products is known as

Answer

Correct Answer: DFR

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DFMA is stands for

Answer

Correct Answer: Design for Manufacturing and Assembly

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A process that determines the parts of a product to be designed for refurbishing and reuse is known as

Answer

Correct Answer: DFDRR

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Concurrent Engineering is a development approach in which tasks are performed

Answer

Correct Answer: Parallel

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Define Beta Testing.

Answer

Correct Answer: Field testing done to obtain valuable feedback on a product

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Computer-aided Design is also known as

Answer

Correct Answer: Computer-aided engineering

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