Exam 5: Design of Goods and Services

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Identify at least three general benefits derived from CAD.

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Faster development,better products,and accurate flow of information to other departments.

Regal Marine's use of ________ has reduced product development time and reduced problems with tooling and production.

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CAD or Computer-aided Design

The ________ is the crucial moment between the service provider and the customer that exemplifies,enhances,or detracts from the customer's expectations.

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moment of truth

Tri-products is trying to decide whether to make or buy an accessory item for one of their products.It is projected that this item will sell for $10 each.If the item is outsourced,there is virtually no cost other than the $6 per unit that they would pay their supplier.Internally,they have two choices.Process A requires an investment of $120,000 for design and equipment,but results in a $4 per unit cost.Process B requires only a $100,000 investment,but its per unit cost is $5.Regardless of whether the item is subcontracted or produced internally,there is a 50% chance that they will sell 50,000 units,and a 50% chance that they will sell 100,000 units.Draw the decision tree appropriate to the alternatives and outcomes stated.Using the decision tree and EMV,what is their best choice?

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Which of the following is true regarding value engineering?

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Is it possible for a product's life cycle stage to affect its product strategy? In particular,describe how one product in growth and another in maturity might have different product strategies.

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A process sheet is a type of:

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The hierarchy of components,their description,and the quantity of each required to make one unit of a product are documented on:

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In analyzing product design decisions,decision trees determine the ________ of each course of action.

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The enhancement of existing products is an external product development strategy.

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Value analysis takes place:

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Which of the following shows in schematic form how a product is assembled?

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The expected value of each course of action in a decision tree is determined by starting at the beginning of the tree (the left-hand side)and working toward the end of the tree (the right).

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The ________ is a part of the quality function deployment process that utilizes a planning matrix to relate customer "wants" to "how" the firm is going to meet those "wants."

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What identifies components by a coding scheme that specifies size,shape,and the type of processing (such as size)?

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The three major elements of the product decision are:

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Robust design ensures that small variations in production or assembly do not adversely affect the product.

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An assembly drawing:

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What is a product-by-value analysis,and what type of decisions does it help managers make?

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The objective of the product decision is to develop and implement a product strategy that meets the demands of the marketplace with a competitive advantage.

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