Exam 5: Design of Goods and Services

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To view product design from a "systems" perspective, managers must view a product in terms of its impact on __________.

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Value analysis takes place

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What are some of the benefits from using environmental teams for product design?

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Explain the difference between value analysis and value engineering.

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A route sheet provides a(n)

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Which of the following represents an opportunity for generating a new product?

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

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Identify the factors that influence new product opportunities.

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

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Bridget's Hamburger Stand uses only 7 ingredients but offers 15 different burgers. This process is known as

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Provide some examples of recent product changes, i.e. new products that are replacing older ones.

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An assembly chart shows an exploded view of the product, usually a three-dimensional or isometric drawing.

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Which of these statements regarding Regal Marine is true?

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An assembly chart

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In which stage of the product life cycle should product strategy focus on process modifications as the product is being "fine-tuned" for the market?

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If a design can be produced to requirements even when the production process has unfavorable conditions, the design is said to be __________.

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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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What two issues should be considered in combination in order to enhance the likelihood of ethical decision in the realm of product design? Why is each important?

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A swim club is designing a new pool to replace its old pool. The new pool would need to last for 10 years since the club is planning on relocating after 10 years. A concrete shell would cost $100,000 and last for all 10 years. Another option is to install a vinyl liner that would cost only $75,000 to install. However, the vinyl is not guaranteed to last for all 10 years, and has a 33% chance of breaking down. Repair of the vinyl would cost $40,000 and would extend the life of the vinyl liner to the 10 year mark. If both options are acceptable to the swim club, which one minimizes their cost?

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What % of sales from new products is indicative of industry leaders?

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