Chapter 10 summary quiz

Which of the following is not a role of R&D?

• to improve existing products, systems and/or technologies

• to increase market share

• to reduce costs

• to develop new products, systems and/or technologies

Which of the following best outlines the difference between market research and research and development (R&D)?

• They are the same thing but one is more about prices and the other is more about the product.

• Research and development is about doing some research, developing it and using market research to promote it.

• Market research comes under the umbrella of R&D.

• Market research is about people, what they want and how much they will pay, while R&D is scientific and aims to find new information related to materials, systems and/or technologies.

Of the following, which activities would be considered R&D?

• 
  research of end users

• researching existing materials for suitability

• experimental development

• market research

Which is the most common challenge for companies undertaking R&D?

• insecure supply chains

• lack of overseas markets

• not having access to end users

• the financial risk involved

Which of the following would not be considered an entrepreneurial activity?

• waiting for commissions

• wanting to supply customers with a new and useful product

• looking for an innovative solution for a design problem

• taking risks with an investment

Which of the following is not a step in the product development process?

• Keeping a low inventory of stock

• Design and prototyping

• 
  Idea generation

• Evaluation and modification

The product development process is used

• for a new commercial product that will be produced in multiples.

• as a method to sell products online.

• for one-off products made by a singular designer in their workshop.

• for sending parts to a factory.

Select the area that you are not expected to evaluate.

• new and emerging technologies used and their sustainability and ethical considerations

• 
  supply chains

• environmental, economic, social and worldview issues

• 
  R&D and innovation in products

Which of the following is an environmental issue associated with new and emerging technologies?

• increased energy consumption

• 
  increase in inequity between the rich and poor

• job displacement

• possible increased crime rates

Which of the following is a social issue associated with new and emerging technologies?

• 
  more emissions from vehicles needed to transport goods

• increased pollution and waste

• 
  increased energy consumption

• 
  possible increased crime rates associated with inequity