Product Management

Front

It is placing something so that it is next to or close to something else

Back

Collocation

Front

This refers to the process of creating new products or modifying the existing ones within a predetermined time frame and cost price while maintaining the preset quality requirements.

Back

Product Development

Front

In the product development process, potential customers have been asked if they intend to buy the product, but have never been placed in the position of having to pay for it. What is this process called?

Back

Market Testing

Front

Experimentation is vital for innovation.

Back

True

Front

As teams are formed, there is a need to recognize the interpersonal dynamics that exist in an effort to make the team process effective.

Back

Team Building

Front

In the 7-S Framework of McKinsey, all Ss are not interrelated with each other.

Back

False

Front

It can be defined as the possibility of manufacturing the product in the required quantity at a feasible cost.

Back

Productivity

Front

The process of setting uniform characteristics for a particular good or service.

Back

Product Standardization

Front

Positioning is like a message that differentiates the company’s product from others in the marketplace. True or False?

Back

True

Front

The 7-S framework of McKinsey is a Value Based Management (VBM) model, which is used in organizations to analyse the environment and see if the company is achieving its intended objectives.

Back

True