At which stage of the product life cycle should product strategy focus on forecasting capacity requirements?

In which stage of the product life cycle should product strategy focus on process modifications?
a. introduction
b. growth
c. maturity
d. decline

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• Statements regarding Regal Marine
• All are true
• Three major elements of product decision are
• selection, definition, and design
• Which stage of the product life cycle should product strategy focus on process modifications as the product being fine tuned for the market?
• introduction
• A products life cycle is divided into four stages
• introduction, growth, maturity, decline
• When should product strategy focus on forecasting capacity requirements
• growth stage of product life cycle
• The analysis tool that lists products in descending order of their individual dollar contribution to the firm is
• product by value analysis
• Which stage of the PLC is product strategy likely to focus on improved cost control
• used to rank a companys products to determine which products represent the best use of the firms resources to determine which products are to be eliminated
• product by value analysis
• What percentage of sales from new products is indicative of industry leaders?
• Operations managers must be able to anticipate changes in which of the following
• all of the above
• Most likely cause a change in market opportunities based upon levels of incokme and wealth
• economic change
• an opportunity for generating a new product
• understanding the customer
• Which of the following is true regarding value engineering
• oriented toward improvement of design
• Reducing the complexity and improving maintainability are
• manufacturability and value engineering
• Quality function deployment
• all of the above
• graphic technique for defining the relationship between customer desires and product is
• house of quality
• result of concurrent engineering in product design is
• speedier product development
• Japanese method of organizing
• single organization without subdivision
• Manufacturability and value engineering has which of the following
• i,ii,iii,iv,v
• Bridgets hamburgers
• modular design
• value analysis takes place
• during the production process when it is clear that the new product is a success
• Boeings 737 and printer
• product platform
• external product development strategy
• alliances
• highest product development risk
• new internally developed products
• shows hierarchy of components
• bill of material
• schematic form how a product is assembled
• assembly chart
• a route sheet provides a
• sequence of operations necessary to produce the component
• assembly drawing
• shows an exploded view of the product
• instructions to make a given quantity of an item
• work order
• analysis that focuses on ways in which processes can be designed to optimize interaction btween firms
• role of decision trees in product design is to
• calculate the expected value of each course of action
• transition to production
• development
• Which of the following is an appropriate strategy during the maturity stage of the product lifecycle?
• Which of the following documents lists the operations necessary to produce the component with the material specified in the bill of material?
• Which of the following is an example of competing on the basis of differentiation quizlet?
• Which of the following is true regarding value engineering quizlet?

A

Which of the following would likely cause a change in market opportunities based upon levels of income
and wealth?
a. economic change
b. technological change
c. political change
d. legal change

A

A product's life cycle is divided into four stages, which are
a. introduction, growth, saturation, and maturity
b. introduction, growth, stability, and decline
c. introduction, maturity, saturation, and decline
d. introduction, growth, maturity, and decline

D

In which stage of the product life cycle should product strategy focus on forecasting capacity requirements?
a. introduction
b. growth
c. maturity
d. decline

B

Which of the following helps operations managers direct their efforts toward those items that show the
greatest promise?
a. value engineering
b. financial analysis
c. product cost justification
d. product-by-value analysis

D

In which stage of the product life cycle should product strategy focus on improved cost control?
a. introduction
b. growth
c. maturity
d. decline

C

Among the elements that make products more friendly to the environment are
a. using less materials
b. more recycled materials
c. using less energy
d. ability to recycle product
e. all of the above

E

Value analysis takes place
a. when the product is selected and designed
b. during the initial stages of production when something needs to be done to assure product success
c. when the product is first conceived
d. during the production process when it is clear the new product is a success

D

The dimensions, tolerances, materials, and finishes of a component are typically shown on a(n)
a. assembly chart
b. engineering drawing
c. bill of material
d. assembly drawing
e. route sheet

B

Which of the following does not result from the effective use of group technology?
a. reduced tooling setup time
b. simplified training
c. reduced raw materials and purchases
d. improved layout, routing, and machine loading

B

Which of the following typically shows the components, their description, and the quantity of each required
to make one unit of a product?
a. an engineering drawing
b. an assembly drawing
c. a bill of material
d. an assembly chart

C

Which of the following is documented on a bill of materials?
a. the tolerances for each component
b. the cost of the product
c. the components, their description, and the quantity of each required to make one unit of a product
d. the existing inventory level for the product

C

Group technology requires that
a. each component be identified by a coding scheme that specifies the type of processing and the
parameters of the processing
b. a specific series of engineering drawings be prepared
c. all bill of material be prepared using the same format
d. the final products be standardized

A

The list of food items that your restaurant customers want the kitchen to prepare is an example of
a. an assembly chart
b. a route sheet
c. a bill of materials
d. a work order

D

The work order
a. shows, in schematic form, how the product is assembled
b. lists the operations, including assembly and inspection, necessary to produce the component with the
material specified in the bill of material
c. provides detailed instructions on how to perform a given task
d. gives the instruction to make a given quantity of a particular item, usually to a given schedule

D