Product Development and Management

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Questions and Answers

Who can assist you with computer drawing and rendering tools if you are not skilled?

  • Professional graphic designers or prototype designers (correct)
  • Manufacturer representatives
  • Online tutorials or YouTube videos
  • Family members or friends

What is the purpose of building a physical prototype?

  • To apply for a patent
  • To start selling the product
  • To test the profitability of the product
  • To correct flaws and refine the design (correct)

What is critical for entrepreneurs to validate before launching a product or service?

  • Market acceptability (correct)
  • Manufacturing costs
  • Competition analysis
  • Marketing strategy

What is one way to validate product acceptability according to Kular (2018)?

<p>Sales (B)</p> Signup and view all the answers

What is the result of validating market acceptability?

<p>Confirmation of the entrepreneur's perception of the target market (B)</p> Signup and view all the answers

What is the purpose of research in the ideation stage?

<p>To gather information and insights (B)</p> Signup and view all the answers

What is the primary objective of product/service development?

<p>To solve the problem of the primary target market (A)</p> Signup and view all the answers

What is product development?

<p>The entire product's journey from identifying market needs to iteration (C)</p> Signup and view all the answers

What is the purpose of refining a product/service before its introduction in the market?

<p>To validate market acceptability (A)</p> Signup and view all the answers

What is a product/service description?

<p>A description of how a product/service works and its benefits (B)</p> Signup and view all the answers

Why is a clear product/service description important?

<p>It serves as a blueprint for all business operations (D)</p> Signup and view all the answers

What is the ultimate goal of a product/service description in an online shop?

<p>To convince customers to click the 'Add to Cart' button (B)</p> Signup and view all the answers

What is a characteristic of an employee suitable for a startup business?

<p>Takes initiative to make things happen (C)</p> Signup and view all the answers

What is one of the expected outcomes of going through the activity sheet?

<p>Create a product description (B)</p> Signup and view all the answers

What is the purpose of Activity 1?

<p>To identify product features or benefits (C)</p> Signup and view all the answers

What is an example of a product feature?

<p>Comes with complete instructions (D)</p> Signup and view all the answers

What is the purpose of validating the service description with potential suppliers?

<p>To ensure the availability of raw materials (B)</p> Signup and view all the answers

What is an example of a product benefit?

<p>Will be sure to tingle your taste buds (C)</p> Signup and view all the answers

What is the capacity of the VEGER/VP2016 model?

<p>20000mAh (C)</p> Signup and view all the answers

How many sachets of Skinny Coffee are in each box?

<p>5 (B)</p> Signup and view all the answers

What is the ideal time to take Skinny Coffee?

<p>15-30 minutes before breakfast (A)</p> Signup and view all the answers

What is the operating temperature of the VEGER/VP2016?

<p>-10 to + 55Deg.C (A)</p> Signup and view all the answers

What is unique about the crop top in the described outfit?

<p>It has a unique one-shoulder design (C)</p> Signup and view all the answers

What is the feature of the Globe At Home Prepaid WiFi?

<p>Improved WiFi connection and wide internet coverage (D)</p> Signup and view all the answers

What is the primary material used for the face shield of the personal protective bucket hat?

<p>PVC plastic (D)</p> Signup and view all the answers

What is the purpose of the adjustable strap in the personal protective bucket hat?

<p>To keep the hat in place (C)</p> Signup and view all the answers

What is the recommended approach to submitting the concept sketch or prototype drawing?

<p>One output per group is submitted (A)</p> Signup and view all the answers

What is the primary criterion for evaluating the prototype drawings?

<p>Appropriate medium in prototype drawings (A)</p> Signup and view all the answers

What is the characteristic of students who did some planning ahead of time to develop their ideas?

<p>They did some planning ahead of time to develop ideas (C)</p> Signup and view all the answers

What is the characteristic of evidence of thorough work appropriate to the time allotted?

<p>Drawings or prototypes were complete with attention to detail (A)</p> Signup and view all the answers

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