Exam 5: Design of Goods and Services

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

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An exploded view of the product is a(n)________.

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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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How does configuration management manifest itself when you ask for service on your automobile?

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A company looking for venture capitalist funding is deciding on the design of its operating system (OS)for its new phone.The first option is to simply buy the OS from another company.This would result in sales of either 10,000 units if the market is not crowded with similar phones,or sales of only 3,000 units if the market is crowded.If the company decides to design its own OS,the phone would have sales of 70,000 units if the OS was popular,but sales of only 2,000 if the OS was a failure.Suppose that to recoup the cost of designing their own OS the company would need to sell twice as many phones as when they simply buy the OS for the profit from the scenarios to be equal.Which option should the company choose if the probability that the market is crowded is 50% and the probability that the OS is popular is 75%?

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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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________ is a process for determining customer requirements and translating them into attributes that each functional area can understand and act upon.

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Group technology enables the grouping of parts into families based on similar processing requirements.

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Which of the following would likely cause a change in market opportunities based upon levels of income and wealth?

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Identify the benefits associated with manufacturability and value engineering.

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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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Identify factors that influence new product opportunities.

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In the maturity stage of the product life cycle,operations managers will be particularly concerned with adding capacity or enhancing existing capacity to accommodate the increase in product demand.

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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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Briefly explain how product life-cycle management (PLM)impacts product design.

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Boeing's 737 airplane and Hewlett-Packard's printer business are examples of using enhancements and migrations of existing products to build on a ________.

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

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Rapidly developing products and moving them to the market is referred to as ________.

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Regal Marine:

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