GMS401 MIDTERM EXAM (2) QUESTIONS AND ANSWERS
WITH COMPLETE SOLUTIONS VERIFIED
What is the objective of product decision?
To develop and implement a product strategy that meets the demands of the
marketplace with a competitive advantage
Name the four stages of a Product Life Cyle
-Introduction
-Growth
-Maturity
-Decline
Name a characteristic of the Maturity Phase of the Product Life Cycle
-Competitors now established
-high volume, innovative production may be needed
-improved cost control, reduction in options, paring down of product line
Name 2 factors of new product opportunities
-understanding the customer
-economic change
-sociological and demographic change
-technological change
-political/legal change
-market practice, professional standards, suppliers/distributors
, Name 2 factors of quality function deployment
-identify customer wants
-identify how good/service will satisfy customer wants
-relate customer wants to product hows
-identify relationships between the firm's hows
-develop importance ratings
-evaluate competing products
-compare performance to desirable technical
What is a benefit of Manufacturability and Value Engineering of Products?
-reduced complexity of products
-reduction of environmental impact
-additional standardization of products
-improved functional aspects of product
-improved job design and job safety
-improved maintainability (serviceability) of the product
-robust design
What is modular design?
designs in which parts or components of a product are subdivided into modules that are
easily interchanged or replaced
What is Computer Aided Design (CAD)?
Interactive use of a computer to develop and document a product
What is Design for Manufacture and Assembly (DFMA)?
WITH COMPLETE SOLUTIONS VERIFIED
What is the objective of product decision?
To develop and implement a product strategy that meets the demands of the
marketplace with a competitive advantage
Name the four stages of a Product Life Cyle
-Introduction
-Growth
-Maturity
-Decline
Name a characteristic of the Maturity Phase of the Product Life Cycle
-Competitors now established
-high volume, innovative production may be needed
-improved cost control, reduction in options, paring down of product line
Name 2 factors of new product opportunities
-understanding the customer
-economic change
-sociological and demographic change
-technological change
-political/legal change
-market practice, professional standards, suppliers/distributors
, Name 2 factors of quality function deployment
-identify customer wants
-identify how good/service will satisfy customer wants
-relate customer wants to product hows
-identify relationships between the firm's hows
-develop importance ratings
-evaluate competing products
-compare performance to desirable technical
What is a benefit of Manufacturability and Value Engineering of Products?
-reduced complexity of products
-reduction of environmental impact
-additional standardization of products
-improved functional aspects of product
-improved job design and job safety
-improved maintainability (serviceability) of the product
-robust design
What is modular design?
designs in which parts or components of a product are subdivided into modules that are
easily interchanged or replaced
What is Computer Aided Design (CAD)?
Interactive use of a computer to develop and document a product
What is Design for Manufacture and Assembly (DFMA)?
