Product Design Principles Quiz

To minimize consumer demand

To maximize production efficiency

To focus solely on cost reduction

To create a good or service with excellent functional utility and sales appeal at an acceptable cost and within a reasonable time (correct)

It has no impact on sales revenue

It focuses only on cost reduction

It minimizes production efficiency

It sets the characteristics, features, and performance of the service or good that consumer demand (correct)

It focuses solely on cost reduction

It minimizes consumer demand

It has no impact on sales revenue

New products contribute significantly to sales revenue (correct)

<p>The process of imagining, creating, and iterating products that solve users' problems or address specific needs in a given market</p> Signup and view all the answers

<p>It is the key strategic activity in many firms because new products contribute significantly to sales revenue</p> Signup and view all the answers