Question 1

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

   True

   False

Question 2

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

   	A.	Most of the products do not survive pass the introduction stage.
   	B.	The sales revenue typically peaked in the maturity stage.
   	C.	Positive net revenue typically starts in the growth stage.
   	D.	The cash flow will turn positive typically in the growth stage.

Question 3

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

   	A.	It helps management evaluate alternative strategies.
   	B.	The product-by-value analysis helps us identify the critical few products.
   	C.	The underline assumption is that managers should invest in critical few instead of trivial many.
   	D.	All the products will be sorted in the descending order of their annual dollar contribution.