Mastering Product Life Cycle Management
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Questions and Answers

Which of the following is NOT a goal of product life cycle management (PLM)?

  • Identifying potential sales opportunities
  • Reducing time to market
  • Improving product quality
  • Increasing prototyping costs (correct)

    • What does product life cycle management (PLM) integrate?

  • Customers, markets, and competitors
  • Supply chain enterprise
  • People, data, processes, and business systems (correct)
  • Advertising and saturation

    • What are the conditions that change over time and must be managed in product life cycle management (PLM)?

  • Product quality
  • Advertising and saturation (correct)
  • Prototyping costs
  • Sales opportunities

    • What is one of the benefits of product life cycle management (PLM)?

    <p>Reducing environmental impacts at end-of-life</p> Signup and view all the answers

    To create successful new products, what must the company understand?

    <p>Customers, markets, and competitors</p> Signup and view all the answers

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