ANSWERS LATEST 2025-2026 EXAM UPDATE
|GRADE A+ GUARANTEE
introductory - Answer-unusual expenses for research, product
development, process enhancement, supplier development
growth - Answer-stabilize design, effective forecasting, consider
capability
maturity - Answer-competition established, high volume, control costs,
reduce options, pare down product line
decline - Answer-special contribution
Quality Function Deployment (QFD) - Answer-"House of quality"
QFD - Answer-1. customer wants
2. how the good/service will satisfy customer wants
3. customer wants to product how's
,4. relationship between the firm's how's
5. importance ratings
6. competing products
7. compare performance
considerations for product design - Answer-- robust design
- modular design
- computer-aided design (CAD)
- computer-aided manufacturing (CAM)
- additive manufacturing (aka 3-D printing)
- virtual reality technology
- sustainability and life cycle assessment (LCA)
robust design - Answer-small variations in production or assembly don't
adversely affect product - lower cost and high quality
modular design - Answer-easily segmented components, flexibility for
production and marketing
computer-aided design (CAD) - Answer-computers to design products
and prepare engineering documentation
computer-aided manufacturing (CAM) - Answer-computers to control
manufacturing equipment- often driven by CAD system
, additive manufacturing (aka 3-d printing) - Answer-uses CAD
technology to produce products by adding material layer upon layer
virtual reality technology - Answer-interactive model of product from
basic CAD data - see finished design before physical model is built
first rule of business - Answer-you have to have products that sell
product life cycle - Answer-may be any length from a few days to a few
decades - the operations function must be able to introduce new products
successfully
what are the four parts of product life cycle - Answer-introduction,
growth, maturity, decline
Product-by-value analysis - Answer-list products in descending order
based on how much money it brings into the firm, then use to develop
strategy
objective of product selection/ decision - Answer-to develop and
implement a product strategy that meets the demands of the marketplace
with a competitive advantage