Question 2 of 20 During the step of the product development process a business will likely have a fully functioning prototype of a new product. OA. idea screening B. business analysis OC. post-launch review OD. product and promotion development
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- 1. This step of the new product development process involves a review and analysis of the sales, costs, and profit projections for the new product. 2. In this stage the product is dressed up with a brand identity and released in a selected market segment as a pilot for testing. 3. Once the final decision is made, the product is decided to be launched in the market. 4. This stage involves creating a large pool of ideas from both internal and external sources using numerous techniques. 5. This stage involves defining the kind of product a firm will be selling or won’t be selling. 6. At this point, the product only existed as a word description, a drawing, or an illustration. 7. This stage involves evaluating the pool and drop as many ideas as possible from consideration. Choices: Business Analysis, Full Commercialization, Idea Generation, Idea Screening, Market Test, Product Criteria, Prototype DevelopmentWhich one of the below is not step in Product development program? a. Cost-benefit analysis b. Branding c. Consumer testing of the model d. Packaging and labeling.1. Why is there a need for new product development? 2. How do you create and test a product prototype? 3. Give three importance of developing a business model.
- 6. For an innovation to be profitable, which factor is most essential? The technology underlying the product need not work The product must create value for the customer The Innovator must be a competitor All options are correct. 7. Which of the following is NOT part of process technology in manufacturing companies? Basic production equipment with advanced processes Fabrication Process The massive flow of materials throughout the supply chain The technologically advanced and extremely complex process 8. The knowledge where skills and abilities of an individual is gained through experience is known as? Explicit Knowledge Implicit Knowledge Tacit Knowledge All options are correct 9. Which among the following is the by-product of a hospital in Operations Management? Material Waste Clinical Waste Material Waste Heat Waste 10. Which among the following in the Ideas generation is NOT an external source? Surveys Customer Need Analysis Customer Suggestions CompetitorsThe correct implementation of new product development process helps minimize the risk of product failure. In a stage of that process, products undergo rigorous tests to makesure that they perform safely and effectively, or that consumers will find value in them.1. Identify that stage of the new product development process.2. Define the stageTesting and validation: Before any changes are implemented, they are thoroughly tested to ensure that they are accurate and do not cause unintended consequences. This testing would include both theoretical analysis and real-world testing to verify the changes. In Testing and Validation, can you give me an example of how theoretical analysis would work?
- (1) How significant is the role of software in productquality today? (2) How can process simplicitycontribute to quality?21. The stage of new product or service development that links the creation of new services or products to the corporate strategy of the firm is called: a. analysis b. full launch c. design d. developmentThe Design Thinking Innovation Project has six deliverables. List then and then describe them. Edit View Insert Format Tools Table 12pt ✓ Paragraph #1 BIU A ev T² : M
- 4. Happy Toy Company's R&D The Happy Toy Company's R&D department is always looking for great ideas for new toys. On average, the R&D department generates about 10 new toy ideas a week. To go from idea to approved product, the idea must go through 5 stages: Pr(Fail) = 40% Pr(Fail) = 50% Pr(Fail) = 65% Pr(Fail) = 80% Initial Safety testing Focus Final decision Mockup screening group In initial screening a staff member spends 2 hours considering the idea. In mock-up, the idea is sent to one of many suppliers to produce a physical mock-up of the toy. There is essentially unlimited capacity at this stage, but it takes 4 days to get the mockup built even though multiple mockups can be built simultaneously. In safety testing each idea requires 2 days from a staff member to have the idea checked for safety. In focus groups each idea requires 3 hours from a staff member to have the idea test marketed. Finally, the management team meets for 4 hours per idea to decide if the toy should be added…Read the article about Data Validation tips within Excel - Murray, A. (2018, March 10). 11 Awesome examples of data validation. How to Excel. 1. Why is data validation important? 2. Pick one of the data validation tips: • How does this tip validate the input data? • When and why would you use this tip?.3 Engincering design generally involves five steps: developing a statement ofthe problem and/or a set of specifications, gathering information pertinentto the problem, designing several alternatives that meet the specifications,analyzing the alternatives and selecting the best one, and testing and implementing the best design. How is ethical problem solving like this?