Product Design

Product Design determine the success or failure of products in marketplace. Product design is _____________

• the process of innovate a new product to be sold by a a business to its customer.

• the process of creating a new product to be buy a business to its customer.

• the process of creating a new product to be sold by a a business to its customer.

• the process of creating a product to be sold by a a business to its customer.

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

__________________ is the period of time over which a product is developed, brought to market and, finally, removed from the market.

• Life Cycle

• Product Cycle

• Product of Cycle

• Product Life Cycle

Which picture show Product Life Cycle?

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_______________ is an investigative activity that a business choose to conduct, with the intention of making a discovery that can lead to either the development of new products or process, or the improvement of existing products or process.

• Survey and Investigate

• Research and Development

• Research and Survey

• Survey and Development

Concept Product Life Cycle is used by __________________ and ____________________ professionals as a factor in deciding when it is appropriate to increase advertising, reduce prices, expand to new markets, or redesign packaging

• marketing, management

• operation, management

• management, marketing

• operation, marketing

This stage of the cycle could be the most expensive for a company launching a new product. The size of the market for the product is small, which means sales are low, although they will be increasing. On the other hand, the cost of things like research and development, consumer testing, and the marketing needed to launch the product can be very high, especially if it’s a competitive sector.

• Maturity

• Decline

• Growth

• Introduction

______________ is typically characterized by a strong growth in sales and profits, and because the company can start to benefit from economies of scale in production, the profit margins, as well as the overall amount of profit, will increase. This makes it possible for businesses to invest more money in the promotional activity to maximize the potential of this growth stage.

• Introduction

• Growth

• Maturity

• Decline

The product is established and the aim for the manufacturer is now to maintain the market share they have built up. This is probably the most competitive time for most products and businesses need to invest wisely in any marketing they undertake. They also need to consider any product modifications or improvements to the production process which might give them a competitive advantage.

• Decline

• Growth

• Introduction

• Maturity

This shrinkage could be due to the market becoming saturated (i.e. all the customers who will buy the product have already purchased it), or because the consumers are switching to a different type of product. While this decline may be inevitable, it may still be possible for companies to make some profit by switching to less-expensive production methods and cheaper markets.

• Introduction

• Growth

• Decline

• Maturity

Three types of researches that are conducted by Research team except

• Basic or fundamental research

• Social research

• Applied research

• Design and engineering research