1. Organizations require to design the new products to be in business for a long time.

• True
• False

Answer :- a

2. Which of the following is (are) the characteristic(s) of successful product development?

• Product quality
• Development capability
• Product and development cost
• All of the above

Answer :- d

3. Which phase follows GROWTH phase of product life cycle?

• Introduction
• Maturity
• Decline
• None of the above

Answer :- b

4. The decision to phase out the weak products from the market is undertaken in the Decline phase of product life cycle.

• True
• False

Answer :- a

5. During SWOT analysis of a product, which of the following option(s) belong(s) to the ‘THREATS’ factor?

• Changing customer needs/tastes
• Economic downturn
• Under-trained employees
• Superior management talent

Answer :- b

6. Product policy is not only concerned with the product, but also with the functions the product fulfills.

• True
• False

Answer :- a

7. Choose the CORRECT statement(s) in context to the objectives of product design.

• Ensure growth of the organization.
• Meet new requirements of the customers.
• Increase the company’s market share and target new market segment.
• All of the above

Answer :- d

8. Which product design step collects feedback during actual working of the new product?

• Basic engineering
• Manufacturing
• Operation
• Product development

Answer :- c

9. ____________ is an important tool used in economic analysis of product analysis to determine the point at which a company’s total revenue equals its total costs, resulting in a net profit of zero.

• Profit consideration
• Break-even analysis
• Sensitivity analysis
• None of the above

Answer :- b

10. Select the correct sequence of steps followed during product design process.

• Synthesis → Sketching → Selection → Analysis → Basic Engineering → Detail Design → Manufacturing → Prototype → Operation → Product Development
• Synthesis → Sketching → Analysis → Selection → Basic Engineering → Detail Design → Prototype → Manufacturing → Operation → Product Development
• Sketching → Synthesis → Analysis → Basic Engineering → Selection → Operation → Detail Design → Prototype → Manufacturing → Product Development
• Sketching → Synthesis → Analysis → Selection → Basic Engineering → Detail Design → Prototype → Product Development → Manufacturing → Operation

Answer :- b