Product Design Principles Quiz
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Questions and Answers

What is the key strategic activity in many firms?

  • Marketing
  • Supply chain management
  • Product design (correct)
  • Financial management
  • What is the objective of product design?

  • Create a good or service with excellent functional utility and sales appeal at an acceptable cost and within a reasonable time (correct)
  • Maximize profit margin
  • Maximize production efficiency
  • Minimize marketing expenses
  • What does product design describe the process of?

  • Analyzing financial statements
  • Developing marketing campaigns
  • Managing inventory and logistics
  • Imagining, creating, and iterating products that solve users' problems or address specific needs in a given market (correct)
  • Why is product design a critical factor in organizational success?

    <p>It sets the characteristics, features, and performance of the service or good that consumer demand</p> Signup and view all the answers

    What is the key to successful product design?

    <p>Understanding the end user customer</p> Signup and view all the answers

    Study Notes

    Product Design

    • Key strategic activity in many firms

    Objectives and Process

    • Objective of product design is to create a product that meets customer needs and expectations
    • Product design describes the process of creating and improving the design of a product or service

    Importance of Product Design

    • Product design is a critical factor in organizational success

    Key to Success

    • Key to successful product design is understanding customer needs and preferences

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    Description

    Test your knowledge of product design with this quiz. From its cross-functional nature to its strategic importance in firms, this quiz will challenge your understanding of the key concepts and principles in product design.

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