A) after you have discussed it with your lawyer B) after you have completed a prototype of the product C) as soon as possible D) after you have test marketed it A) after you have discussed it with your lawyer B) after you have completed a prototype of the product C) as soon as possible D) after you have test marketed it

A) is a physical model of the product. B) is never changed. C) describes what the product looks like and how it might work. D) is completed during the ramp-up stage of the project. A) is a physical model of the product. B) is never changed. C) describes what the product looks like and how it might work. D) is completed during the ramp-up stage of the project.

Exam 7: Product Design and Development

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A project team is formed at BetterBuilt when management assembles personnel from different functional areas to work together throughout the product development process.

(True/False)

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Question 61

What criteria must an invention meet to be patentable?

(Essay)

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Question 62

On the surface, data published by industry associations seems helpful in estimating sales for your proposed business.But the data is often old and not very helpful.

(True/False)

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Question 63

Those costs that don't vary with quantity of goods sold are called ______.

(Multiple Choice)

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Question 64

During the _____ stage, employees are trained in manufacturing and products are carefully inspected for residual flaws.

(Multiple Choice)

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Question 65

You can protect the rights to your idea with a _____.

(Multiple Choice)

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Question 66

A novel approach to generating new-to-the-world product ideas is hiring "creativity" consultants.

(True/False)

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Question 67

Which of the following questions is not helpful to ask when researching an industry?

(Multiple Choice)

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Question 68

If no product existed prior to its invention, then the product is a(n) _____.

(Multiple Choice)

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Question 69

____ is one of the hardest tasks in business.

(Multiple Choice)

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Question 70

To apply for a patent, you send an application to:

(Multiple Choice)

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Question 71

To break even means that total sales revenue must exactly equal all of your expenses.

(True/False)

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Question 72

Most entrepreneurial decision making can be improved by using knowledge gained from personal experience.

(True/False)

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Question 73

Your product idea is to offer cruises for college students.Your market niche is:

(Multiple Choice)

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Question 74

When Just Born extended its product line to include "Peeps in a chocolate egg," this was considered an extension to an existing product line.

(True/False)

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Question 75

Breakeven analysis is an approach used to determine the level of sales at which a company will have no profit or loss.

(True/False)

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Question 76

Document your idea:

(Multiple Choice)

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Question 77

In an effort to make its food healthier, McDonald's changed the way it made its french fries.This is an example of a:

(Multiple Choice)

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Question 78

A product concept:

(Multiple Choice)

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Question 79

All of the following are characteristics of a typical entrepreneurial start-up :

(Multiple Choice)

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Question 80

Showing 61 - 80 of 159

A project team is formed at BetterBuilt when management assembles personnel from different functional areas to work together throughout the product development process.

What criteria must an invention meet to be patentable?

On the surface, data published by industry associations seems helpful in estimating sales for your proposed business.But the data is often old and not very helpful.

Those costs that don't vary with quantity of goods sold are called ______.

During the _____ stage, employees are trained in manufacturing and products are carefully inspected for residual flaws.

You can protect the rights to your idea with a _____.

A novel approach to generating new-to-the-world product ideas is hiring "creativity" consultants.

Which of the following questions is not helpful to ask when researching an industry?

If no product existed prior to its invention, then the product is a(n) _____.

____ is one of the hardest tasks in business.

To apply for a patent, you send an application to:

To break even means that total sales revenue must exactly equal all of your expenses.

Most entrepreneurial decision making can be improved by using knowledge gained from personal experience.

Your product idea is to offer cruises for college students.Your market niche is:

When Just Born extended its product line to include "Peeps in a chocolate egg," this was considered an extension to an existing product line.

Breakeven analysis is an approach used to determine the level of sales at which a company will have no profit or loss.

Document your idea:

In an effort to make its food healthier, McDonald's changed the way it made its french fries.This is an example of a:

A product concept:

All of the following are characteristics of a typical entrepreneurial start-up :

The Foundations of Business

Entrepreneurship

Selecting a Form of Business Ownership

Business Ethics and Social Responsibility

Managing for Business Success

Recruiting, Motivating, and Keeping Quality Employees

Operations Management in Manufacturing and Service Industries

Business in a Global Environment

Marketing: Providing Value to Customers

Operating in a Digital Marketing and Social Networking

The Role of Accounting in Business

Managing Financial Resources

Teamwork and Communications

Personal Finances

Managing Information and Technology

The Legal and Regulatory Environment of Business

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