Many frameworks discussed in operations strategy such as order winner vs$.$ order qualifier can be applied to product decisions.

Group of answer choices

True

False

Flag question: Question $2$

Question $21$ pts

Which of the statement about the Product Life Cycle is not true?

Group of answer choices

The cash flow will turn positive typically in the growth stage.

Most of the products do not survive pass the introduction stage.

Positive net revenue typically starts in the growth stage.

The sales revenue typically peaked in the maturity stage.

Flag question: Question $3$

Question $32$ pts

Which statement about Product$-$by$-$Value Analysis is not true?

Group of answer choices

All the products will be sorted in descending order of their annual dollar contribution.

It helps management evaluate alternative strategies.

The product$-$by$-$value analysis helps us identify the critical few products.

The underline assumption is that managers should invest in critical few instead of trivial many.

Flag question: Question $4$

Question $41$ pts

Which new product opportunity is the most predictable one and should not be missed?

Group of answer choices

Understanding the customer

Economic change

Sociological and demographic change

Technological change

Flag question: Question $5$

Question $51$ pts

Which statement about the Product Development System is not true?

Group of answer choices

It can be used as a framework to make a make or buy decision.

Ability or capability study followed immediately after an idea generation.

Functional specifications are specified by the design and engineering team.

When Apple cooperates with Foxconn, Apple is typically responsible for product specifications.

Flag question: Question $6$

Question $62$ pts

Which statement about House of Quality is not true?

Group of answer choices

We can use the importance ratings to prioritize what we can do$.$

We only capture the positive relationship between what customers want and what we can do$.$

We don't need the technical or operational definition of what we can do$.$

Even though we are crunching numbers in the House of Quality, it is more a qualitative tool that makes sure you go through all the important aspects of product design than a quantitative tool that generates the absolute right answer.

Flag question: Question $7$

Question $71$ pts

Which statement about Product Development Organization is not true?

Group of answer choices

The benefit of a distinct department approach is that the duties and responsibilities are well defined.

The champion approach can be observed in art studios and law firms where the artist or the name partners are the champions.

The major benefit of the team approach is the representation of all disciplines.

The whole organization approach is proper for big corporations.

Flag question: Question $8$

Question $81$ pts

Product design decisions inevitably drive operations performances.

Group of answer choices

True

False