Exam 3: Product Design and Process Selection

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Describe why marketing should be involved in the product design process.

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Lands' End is a well-known benchmarking target because of its __________ .

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Describe three different types of service designs.

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Birdie Par owns a company that makes golf gloves. She is thinking about introducing a new glove, which would require an additional fixed cost of $20,000 per year. The variable costs for the new glove have been estimated to be $5 per glove. a) If she sells the new glove for $15, how many must she sell to break even? b) If she sells 3,000 gloves at the $15 price, what will the contribution to profit be?

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During the final design and testing stage:

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In product screening, issues such as, "What is the market size?" and "What is the long term-product potential?" are addressed by:

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Firms that have areas that have little customer contact and others with high customer contact are classified as _________ services.

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Which of the following is true regarding the relative predictability of the cycle of new product introductions?

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Building a bridge over the Mississippi River for a new highway uses a

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At the preliminary design and testing stage of new product design, design engineers translate technical specifications into general performance specifications.

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In 1997, who performed a large benchmarking study for IBM?

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