Product Development Process

HideShow resource information

1. Which option descibes Review of Market Performance & Product Pricing?

  • Estimating Likely Selling Price, Sales Volume, Profitability, Break-Even Point, Return on Investment
  • Launch Activities, Promotional Material Creation and Publication, Advertising, Distribution Pipeline, Critical Path Analysis
  • Customer Reaction, Impact on Exisiting Portfolio, Value & Compeition Analysis, Review production costs, Forecast Unit Volumes, Revenue and Profit, Review of After-Sales Service
  • Estimation of Resources Required, Finalise Quality Management System, Resource Estimation, Operational Management Plan, Publish Technical Communications (Data Sheets, Specifications), Finalise Supplier Agreements, Finalise Logistics Plan
1 of 8

Other questions in this quiz

2. Which option describes Concept Development?

  • Customer Reaction, Impact on Existing Portfolio, Value Analysis
  • Estimating Likely Selling Price, Sales Volume, Profitability, Break-Even Point, Return on Investment
  • Intellectual Property Issues, Product/Service Features, Benefits and Feasibility, Consumer Reaction, Production Cost-Effectiveness and Costs, Prospective Customer Liaison
  • Product Launch Activities, Advertising, Distribution Pipeline, Critical Path Analysis

3. Which option describes Idea Generation?

  • SWOT Analysis, Market Research, Customer Feedback, Analysis of Competitor Offer, Brainstorming New Product Ideas
  • Intellectual Property Issues, Product Benefits and Features, Production Costs
  • Elimination Unsound Concepts, Target Market (Size, Growth), Market Trends, Product/Service
  • Estimating Likely Selling Prices, Sales Volume, Profitability and Breakeven

4. Which option descibes Commercialisation?

  • Launch Activities, Promotional Material Creation and Publication, Advertising, Distribution Pipeline, Critical Path Analysis
  • Intellectual Property Issues, Product/Service Features, Benefits and Feasibility, Consumer Reaction, Production Cost-Effectiveness and Costs, Prospective Customer Liaison
  • Estimating Likely Selling Price, Sales Volume, Profitability, Break-Even Point, Return on Investment
  • Estimation of Resources Required, Finalise Quality Management System, Resource Estimation, Operational Management Plan, Publish Technical Communications (Data Sheets, Specifications), Finalise Supplier Agreements, Finalise Logistics Plan

5. Which option descibes Technical Implementation?

  • Estimation of Resources Required, Finalise Quality Management System, Resource Estimation, Operational Management Plan, Publish Technical Communications (Data Sheets, Specifications), Finalise Supplier Agreements, Finalise Logistics Plan
  • Product Launch Activities, Advertising, Distribution Pipeline, Critical Path Analysis
  • Estimating Likely Selling Price, Sales Volume, Profitability, Break-Even Point, Return on Investment
  • Intellectual Property Issues, Product/Service Features, Benefits and Feasibility, Consumer Reaction, Production Cost-Effectiveness and Costs, Prospective Customer Liaison

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »See all Unit 5 - Innovation resources »