Question 1

Poor execution in product development often results from: ​

Accepted Answer

A)  A preference for speed
B)  Not enough people doing the work
C)  Too much market research
D)  Significant due diligence
E)  None of these

Question 2

Among the tradeoffs that may be made during product development are: ​

Accepted Answer

A)  Features v. product cost
B)  Features v. development costs
C)  Features v. final sales
D)  All of the above
E)  A and B only are correct

Question 3

Briefly discuss the three fundamental strategies that should be incorporated in any entrepreneur's product development program. ​

Accepted Answer

Design products right the firs...

Question 4

Product development and intellectual-property development are not closely intertwined.

Accepted Answer

A) True 
 B)False

Question 5

Because of the benefits that have accrued to new product development from information and systems technologies: ​

Accepted Answer

A)  The probability of success at launch is up to 80%
B)  The probability of success at launch is down to 50%
C)  The probability of success at launch has remained steady at 65%
D)  The probability of success at launch has remained steady at 60%
E)  The probability of success at launch has risen stratospherically

Question 6

____ can be defined as the activity that transforms a set of requirements into a format that brings all the elements into an integrated whole or system. ​

Accepted Answer

A)  Product design
B)  Feasibility analysis
C)  Prototyping
D)  Industry analysis
E)  None of these choices

Question 7

Explain the Theory of Constraints. ​

Accepted Answer

The Theory of Constraints proposes that ...

Question 8

Customer identification, customer validation, and ____ are all part of the product development cycle. ​

Accepted Answer

A)  product protection
B)  value creation
C)  outsourcing
D)  product creation
E)  business creation

Question 9

A patent gives the patent holder the right to defend the patent against others who would attempt to manufacture, use, or sell the invention during the period of the patent. ​

Accepted Answer

A) True 
 B)False

Question 10

The relationship between technical problems and new product failure is: ​

Accepted Answer

A)  That technical problems have little impact on product failure
B)  That technical problems have a moderate impact on product failure
C)  That technical problems have a significant impact on product failure
D)  That technical problems are the sole cause of product failure
E)  None of these is true

Exam 6: Prototyping a Solution

Product development and intellectual-property development are not closely intertwined.

Correct Answer
verified

A patent gives the patent holder the right to defend the patent against others who would attempt to manufacture, use, or sell the invention during the period of the patent.

Correct Answer
verified

Explain the Theory of Constraints.

Correct Answer
verified
The Theory of Constraints proposes that ...
View Answer

____ can be defined as the activity that transforms a set of requirements into a format that brings all the elements into an integrated whole or system.

Correct Answer
verified

Briefly discuss the three fundamental strategies that should be incorporated in any entrepreneur's product development program.

Correct Answer
verified
Design products right the firs...
View Answer

Poor execution in product development often results from:

Correct Answer
verified

Among the tradeoffs that may be made during product development are:

Correct Answer
verified

Customer identification, customer validation, and ____ are all part of the product development cycle.

Correct Answer
verified

The relationship between technical problems and new product failure is:

Correct Answer
verified

Because of the benefits that have accrued to new product development from information and systems technologies:

Correct Answer
verified

Exam 6: Prototyping a Solution

Product development and intellectual-property development are not closely intertwined.

Correct AnswerverifiedShow Answer

A patent gives the patent holder the right to defend the patent against others who would attempt to manufacture, use, or sell the invention during the period of the patent. ​

Correct AnswerverifiedShow Answer

Explain the Theory of Constraints. ​

Correct AnswerverifiedThe Theory of Constraints proposes that ...View AnswerShow Answer

____ can be defined as the activity that transforms a set of requirements into a format that brings all the elements into an integrated whole or system. ​

Correct AnswerverifiedShow Answer

Briefly discuss the three fundamental strategies that should be incorporated in any entrepreneur's product development program. ​

Correct AnswerverifiedDesign products right the firs...View AnswerShow Answer

Poor execution in product development often results from: ​

Correct AnswerverifiedShow Answer

Among the tradeoffs that may be made during product development are: ​

Correct AnswerverifiedShow Answer

Customer identification, customer validation, and ____ are all part of the product development cycle. ​

Correct AnswerverifiedShow Answer

The relationship between technical problems and new product failure is: ​

Correct AnswerverifiedShow Answer

Because of the benefits that have accrued to new product development from information and systems technologies: ​

Correct AnswerverifiedShow Answer

Correct Answer
verified

A patent gives the patent holder the right to defend the patent against others who would attempt to manufacture, use, or sell the invention during the period of the patent.

Correct Answer
verified

Explain the Theory of Constraints.

Correct Answer
verified
The Theory of Constraints proposes that ...
View Answer

____ can be defined as the activity that transforms a set of requirements into a format that brings all the elements into an integrated whole or system.

Correct Answer
verified

Briefly discuss the three fundamental strategies that should be incorporated in any entrepreneur's product development program.

Correct Answer
verified
Design products right the firs...
View Answer

Poor execution in product development often results from:

Correct Answer
verified

Among the tradeoffs that may be made during product development are:

Correct Answer
verified

Customer identification, customer validation, and ____ are all part of the product development cycle.

Correct Answer
verified

The relationship between technical problems and new product failure is:

Correct Answer
verified

Because of the benefits that have accrued to new product development from information and systems technologies:

Correct Answer
verified