Which of the following is an external product development strategy? a. joint ven
ID: 462617 • Letter: W
Question
Which of the following is an external product development strategy?
a. joint ventures
b. enhancements to existing products
c. new internally developed products
d. migrations of existing products
Fill in the Blank - The following table gives the number of pints of type A blood used at OLV Hospital in the past 6 weeks.
Week Of Pints Used
August 31 360
September 7 370
September 14 408
September 21 383
September 28 366
October 5 378
Using a 3-week weighted average, with weigths of 0.10, 0.30, and 0.60, using 0.60 for the most recent week and so on, the forecasted demand for the week of October 12 is ___________.
(round your response to a whole number – i.e. 502.856743 = 503)
A forecast that projects a company’s sales is
a technological forecast
an environmental forecast
an economic forecast
a demand forecast
What is the first step to build a house of quality?
Identify customer wants
Determine the ddesirable technical attributes
Relate customer wants to product hows
Identify how the good/service will satisfy customer wants
Which of the following is a quantitative forecasting method?
sales force composite
exponential smoothing
market survey
jury of executive opinion
An assembly chart is
an instruction to make a given quantity of a particular item
an exploded view of the product
a schematic showing how the product is assembled
a listing of the operations necessary to produce the component
a.a technological forecast
b.an environmental forecast
c.an economic forecast
d.a demand forecast
What is the first step to build a house of quality?
a.Identify customer wants
b.Determine the ddesirable technical attributes
c.Relate customer wants to product hows
d.Identify how the good/service will satisfy customer wants
Which of the following is a quantitative forecasting method?
a.sales force composite
b.exponential smoothing
c.market survey
d.jury of executive opinion
An assembly chart is
a.an instruction to make a given quantity of a particular item
b.an exploded view of the product
c.a schematic showing how the product is assembled
d.a listing of the operations necessary to produce the component
Explanation / Answer
Which of the following is an external product development strategy?
Ans: a) Joint Venture
Various external product development strategies include alliances, joint ventures, and purchase of technology or expertise. Joint venture is a process of merging two or more companies together and forming new entity to develop new products.
3-week Weighted moving Forecast:
Ans:
Forecast for October 12 = (0.60 x 378 + 0.30 x 366 + 0.10 x 383)/(0.6 +0.3 +0.1)
Forecast for October 12 = 374.9 units
A forecast that projects a company’s sales is
Ans: a demand Forecast
What is the first step to build a house of quality?
Ans: a Identify customer wants
It is important to identify wants, on the basis of wants product can be designed that will satisfy the wants.
Which of the following is a quantitative forecasting method?
Ans: b. Exponential smoothing
All other methods are qualitative methods of forecasting. In exponential smoothing forecasting method, pervious sales or demand are considered.
An assembly chart is
Ans: a schematic showing how the product is assembled
In assembly chart shows production and assembling points at which the component flow into subassemblies and ultimately into final product.
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