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Product development process

Total questions: 34

Worksheet time: 17mins

Name
Class
Date
1.

The process a good or a service goes through from being an idea to a product being sold to customers is called ...

a)

Product marketing

b)

SWOT ANALYSIS

c)

PRODUCT DEVELOPMENT

d)

PLANNING

2.

What is the step where the entrepreneur thinks of ideas?

a)

TEST MARKETING

b)

IDEA GENERATION

c)

IDEA SCREENING

d)

SWOT ANALYSIS

3.

What is the step where a business looks a product in more detail?

a)

CONCEPT TESTING

b)

SWOT ANALYSIS

c)

FEASABILITY STUDY

d)

IDEA SCREENING

4.

In what stage does a business decide if it is possible to make the product?

a)

BUSINESS ANALYSIS

b)

CONCEPT DEVELOPMENT

c)

IDEA GENERATION

d)

SWOT ANALYSIS

5.

In what stage does a business make a working model of a product?

a)

FEASIBILITY STUDY

b)

TEST MARKETING

c)

PROTOTYPE DEVELOPMENT

d)

PRODUCT LAUNCH

6.

What is the stage where a few customers are given the product to see what they think about it?

a)

PROTOTYPE DEVELOPMENT

b)

PRODUCT LAUNCH

c)

TEST MARKETING

d)

PRODUCT LAUNCH

7.

What stage is when the product is now for sale to everyone?

a)

IDEA GENERATOR

b)

TEST MARKETING

c)

PRODUCT LAUNCH

d)

CONCEPT DEVELOPMENT

8.

What is the step where the entrepreneur choose the best idea out of many?

a)

PRODUCT SCREENING

b)

PRODUCT LAUNCH

c)

PROTOTYPE

d)

TEST MARKETING

9.

It is the process of building a new product, from ideation all the way through launch

a)

PRODUCT

b)

DEVELOPMENT

c)

PRODUCT DEVELOPMENT

10.

The Product Development has _ stages

(a)  

11.

It is sometimes called "scoping," or concept development, this step involves refining the definition of the product concept and ensuring that the team really understands customer requirements.

a)

Product Development

b)

Product Definition

c)

Idea generation

12.

In this phase, the focus is on product design but also refinement of the prototype of the product. In most cases teams alpha-test the prototype, working with customers in an iterative fashion: getting their feedback and incorporating it into the prototype.

a)

Idea generation

b)

Detailed Design

c)

Product Definition

13.

The initial stage of the product development process begins by generating new product ideas.

a)

Idea Generation

b)

Prototyping

c)

Detailed Design

14.

This phase in the product development process, the team justifies the company's investment in the development of a product by requiring the team to create a detailed business plan.

a)

Idea Generation

b)

Prototyping

c)

Validation and Testing

15.

They ensure that the prototype works as planned. It also means validating the product in the eyes of the customers and markets, while testing the viability of the financial model for the product.

a)

Detailed Design

b)

Validation and Testing

c)

Commercialization

16.

A way to describe all the stages a product goes through.

a)

Commercialization

b)

Product Development Life Cycle

c)

Validation and Testing

17.

During this step of the product development process the team realizes everything required to bring the final product to market, including marketing and sales plans for the market introduction.

a)

Waterfall approach

b)

Product Development Life Cycle

c)

Commercialization

18.

The team perceives that it will not achieve one or more of its boundary conditions

a)

Agile product development

b)

Waterfall approach

c)

Boundary peak

19.

This was increasingly more common because they can create new products that delight customers using fewer resources. It relies on sprints, cycles that combine development with customer testing.

a)

Agile product development

b)

Boundary Break

c)

Out-of-Bounds Review

20.

The development team informs the Senior Management team and there follows an escalation process.

a)

Boundary break

b)

Product/Market fit

c)

Out-of-Bounds Review

21.

It is one of a minimum viable process three major steps. The second step that the team should have tested prototypes with users to confirm fit with the intended market.

a)

Product/Market fit

b)

Development

c)

Out-of-Bound Review

22.

The third and last step of minimum viable process it is the Market Launch phase where the product is prepared to meet real customers.

a)

Product Development

b)

Product/Market Fit

c)

Development

23.

It is one of a minimum viable process three major steps. The first step that the team should have a clear leader with entrepreneurial capability.

a)

Development

b)

Product/Market fit

c)

Concept Fit

24.

when a business decides to create a new product or service they must follow a

a)

book

b)

process

25.

the product development process has _____ stages

a)

4

b)

5

c)

6

26.

today we learned about the ________ stage

a)

design

b)

idea

c)

implement

27.

a source is where you get something from

a)

true

b)

false

28.

the are ___ main sources of ideas

a)

3

b)

4

c)

5

29.

government, research and development, the supply chain, existing products and services are all sources of idea. which one is missing?

a)

competitor needs

b)

customer needs

30.

this includes all businesses and people involved in making the product and getting it to the customer

a)

supply chain

b)

delivery process

31.

a supply chain includes many businesses

a)

true

b)

false

32.

1.to identify the 5 main stages of developing a new product or service


are you able to do this

a)

yes

b)

no

33.

2.Explain and demonstrate an example of a supply chain


Are you able to do this?

a)

yes

b)

no

34.

did you discuss new design ideas for a product today with the class?

a)

yes

b)

no