Which statement concerning product modifications

Assignment Help Operation Management

Reference no: EM132180484

1. Which statement concerning product modifications is NOT correct?

a. Major innovations involve greater risk, but higher possible payoffs than minor innovations.

b. Modifications are alterations in or extensions of a firm’s existing products.

c. Modifications include new models, styles, colors, features, and brands.

d. Most new products are major, “discontinuous” innovations.

2. A Pareto Distribution is similar to an ABC classification.

True or False

3. The demand for Noodles food is best referred to as “dependent” (vs. independent) demand since it is dependent upon when customers get hungry.

True or False

4. In the Service System Design video, we learn that at Chase Bank, the most efficient way to transact business like deposits and withdrawals is to use a teller inside the bank.

True or False

5. A Bill of Material (BOM) shows the hierarchy of tasks in a project.

True or False

Reference no: EM132180484

Questions Cloud

Prepare case for the siting of future european central bank : Prepare a case for the siting of a future European Central Bank in London rather than Frankfurt. Paris or some other continental financial center.

What are the pros and cons of using an in-house : What are the pros and cons of using an in-house versus an outside advertising and social media agency?

Discuss the strategy you took in your portfolio : Did you take a lot of risk or play it safe? Why?How did you research your trades? List of a few sources you used to conduct this research.

Examine the given concepts in the context of the ec : What do we mean by the terms trade creation and trade diversion? Examine these concepts in the context of the EC.

Which statement concerning product modifications : Which statement concerning product modifications is NOT correct? A Pareto Distribution is similar to an ABC classification.

Explain the difference between hedging and speculating : Explain the difference between "hedging" and "speculating" by explaining why someone who wishes to "hedge" against inflation might choose to purchase gold.

Write about why you chose this particular career : Write about why you chose this particular career. Explain how you will prepare yourself to enter into the career field.

How might your likely chosen profession be affected : What UK professions are likely to experience increased opportunities on the Continent as a result of the 1992 measures aimed at freeing the labor market?

How much safety stock is there in Genzo ordering policy : How much safety stock is there in Genzo's ordering policy?

User Account

All Pages