Product and Service Development Quiz

Product design is the process of bringing a new product to market, while product development focuses on unique characteristics.

Product design is about supply-chain-based idea generation, while product development is about research and development.

Product design focuses on deciding unique characteristics, while product development involves bringing a new product to market. (correct)

Product design involves idea generation, while product development involves competitor-based research.

To meet customer needs and preferences. (correct)

To compete with other companies in the market.

To reduce the role of engineers in marketing new products.

To increase research and development costs.

Idea generation from suppliers and distributors.

Studying competitor-based research.

Reducing costs and increasing profit margins.

Deliberate business process involving hundreds of decisions. (correct)

<p>To ensure the technical feasibility and cost-effectiveness of the product.</p> Signup and view all the answers

<p>Yes, to design and improve service processes.</p> Signup and view all the answers