Product Design Principles Quiz

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Questions and Answers

What is the objective of product design?

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)

Why is product design considered a critical factor in organizational success?

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)

Why is product design a key strategic activity in many firms?

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)

What is product design described as?

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

What is the significance of product design in a fast-paced, globally competitive environment?

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