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1. Which stage of the new product development process examines whether a substantial market exists for a product as well as whether a product fits the vision and strategy of the firm and can be profitably produced and marketed (relative to the competitive situation)?
A. business analysis
B. idea generation
C. idea selection
D. concept development and testing
E. prototype development and testing
2. What are the differences between passive transponders and active transponders.
1. Passive RFID systems have quicker response times than active systems.
True
False
2. Metals or liquids in the sphere reduce the strength of radio signals emitted by an RFID system.
3. The authors stated, "The tagging of goods and packaging in the consumer goods industry with transponders offers a large potential for the optimization of the supply chain," (ten Hompel & Schmidt, p. 219). Briefly explain the reasons why RFID could make the supply chain more efficient and effective.
The Watts Manufacturing Company manufactures and sells AM and FM radios. What is the objective function of the problem?
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