Does the product really fit the product strategy

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Reference no: EM133447162

Question: Tax rates; materials cost The cost of labor; access to technology Access to factor inputs; access to consumer markets Lifestyle and safety issues; the cost of labor

Success is driven by how you use resources. Which of the following is harder for your competitors to copy? Products and services Strategy and products Methods and strategy Processes and culture

Which of the following is a characteristic of an open system? Changes in the environment seldom, if ever, happen. Changes in the environment impact your strategy and ability to survive. The key to success is stay focused on what you do best-always! To win, you need to recognize opportunities and threats, but think long and hard before making any changes. Slow and steady wins the race.

Which of the following contributes to agility? Hiring employees who follow the rules all of the time Focusing on logistics, the function most responsible for agility Having strict rules that are always followed Investing in effective information systems

An andon cord is useful for which of the following? Training workers Wasting time Stopping a production process Mistake-proofing a process

One of the benefits of implementing jidoka to a process is which of the following? Problems can be effectively held off for resolution far in the future. Workers can focus their energy on creativity and problem-solving. Workers can focus on just the repetitive and mundane tasks of an operation. Workers can be fired.

What is the ultimate goal of a lean system? Ensure that the whole process of manufacturing turns out the highest volumes possible. Ensure that the whole process of manufacturing remains as the lowest possible cost. Single-piece flow with zero inventory accumulation anywhere in the process. Attain equal division of labor.

Which of the following are important reasons to involve suppliers early in the NPD process? Suppliers often possess important technical expertise related to processes or products; Suppliers can share designs they have obtained from other customers; Suppliers are expert in packing and shipping Suppliers often possess vital materials expertise; Suppliers often possess important technical expertise related to processes or products Suppliers can share designs they have obtained from other customers; Suppliers are expert in packing and shipping Suppliers are expert in packing and shipping; Suppliers often possess vital materials expertise

In a sequential, functionally oriented product design process, what almost always happens when an idea gets tossed from one function to another? Product launch is delayed and products get closer to production. Costs go up and product launch is delayed. Product gets closer to production and launch is delayed. Products are improved and costs go up.

During the screening/scoping phase of new product development, you should ask two questions, which of the following are those questions? Will the product meet the competitive test? Does the product really fit the product strategy? Does the product really fit the product strategy? How much profit will this product give the firm? Who is the target market for this new product? Does the product really fit the product strategy? How much profit will this product give the firm? Who is the target market for this new product?

Reference no: EM133447162

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