Production and Distribution Post Assessment

Front

A key example of a prebuilt _______ service many companies use a Software as a Service (SaaS) platform.

Back

digital

Front

Kevin owns a toy company. How should he ensure that his customers are receiving a high-quality product? Options: Repair products that have been sold to customers and are broken, Offer a discount on future purchases to customers, Survey customers and ask for suggestions, Test a prototype

Back

Test a prototype

Front

What should happen after one determines a company's quality control process meets the company's quality standards? Options: Each member of the quality control team must confirm that the process is effective before the process can become permanent, An internal team should review the results of product testing and sign off on the process to confirm it is effective, An internal team should review the results of product testing and look for ways to refine and improve upon the quality control processes, The process should not be revised again

Back

An internal team should review the results of product testing and look for ways to refine and improve upon the quality control processes.

Front

_______ is measured by how well the product or services its users' purpose.

Back

Quality

Front

A value hypothesis explains the reason why a customer may choose not to use a product

Back

False

Front

Product/market fit automatically results in high-volume sales.

Back

False

Front

Product/market fit occurs when a business continues to grow due to customer demand.

Back

True

Front

Using a product once is an indicator of product/market fit.

Back

False

Front

What is value engineering?

Back

Substituting high-quality components with low-cost components that still meet the product's lifetime duration and basic purpose.

Front

Indirect distribution channels use ______ to sell their products to the end customers

Back

middlemen