GMetrix Domain 3

What should one research before creating a product?

• How much it will cost to compensate employees

• How much moeny investors are willing to invest in the product

• What is required to make the product

• The number of products that will need to be produced

A minimum viable product used to test ease-of-use and -----.

• Viability

• Functionality

• performance

• cost

In addition to identifying the problem a product or service solves, a value hypothesis should promote things like product features, prising, and the ------- as a means of enticing customers to purchase the product.

• Business model

• materials

• buyer fees

• production cost

When it comes to setting one's own quality standards, one must ensure they are -----.

• Written

• Profitable

• Reviewed

• Measurable

What do fulfillment centers do?

• Strategically store a company's products so that the product can be picked up by the customer

• Strategically store a company's products so that the product can be quickly picked up and sent out

• Store products indefinely but have slow shipping times

• Temporarily store products for retail stores

What are two main types of distribution channels.?

• Pysical

• Digital

• Indirect

• Direct

Buying office space is ----- in the long run in comparison to leasing.

• More expensive

• More difficult

• less expensive

• less difficult

What is value engineering?

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

• Engineering products that are ment to be replaced freuently but have a low cost

• Engineering products taht are not meant to be replaced but have a high cost

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

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

• True

• False

-- ----- is measured by how well the product or service sucessfully saerves its users' purpose.

• Quality

• Reliability

• Viability

• Performance