Operations Management
17th Edition
ISBN: 9781259142208
Author: CACHON, Gérard, Terwiesch, Christian
Publisher: Mcgraw-hill Education,
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Chapter 20, Problem 15CQ
Summary Introduction
To determine: Minimum viable product
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A VAR is an organization that
O provides IT consulting services, mostly to small
businesses
conducts research and testing for a system or app
during development
O purchases products from manufacturers and
resells them to the public
sells equipment and technology needed for
system development
Which of the following helps to provide value of failure?
A. Provides insights about what to do
B. Failure helps build capability
C. Failure shows learning is not possible
D. Failure is about how many times can we faill before we get it right
A firm’s value proposition communicates the benefits received from theproduct or service by customers. Therefore, the value proposition provides the customer with which key piece(s) of information? a. The price of the good or service b. Where to buy the good or service c. How to use the good or service d. Reasons to buy the good or service e. All of these are correct.
Chapter 20 Solutions
Operations Management
Ch. 20 - Prob. 1CQCh. 20 - Prob. 2CQCh. 20 - Prob. 3CQCh. 20 - Prob. 4CQCh. 20 - Prob. 5CQCh. 20 - The Kano model classifies needs into three...Ch. 20 - Prob. 7CQCh. 20 - Prob. 8CQCh. 20 - Prob. 9CQCh. 20 - Prob. 10CQ
Ch. 20 - Prob. 11CQCh. 20 - Prob. 12CQCh. 20 - Prob. 13CQCh. 20 - Prob. 14CQCh. 20 - Prob. 15CQCh. 20 - Prob. 16CQCh. 20 - Prob. 17CQCh. 20 - Prob. 18CQCh. 20 - Prob. 19CQCh. 20 - Prob. 1PACh. 20 - Prob. 2PACh. 20 - Prob. 3PACh. 20 - Prob. 4PACh. 20 - Prob. 5PACh. 20 - Prob. 6PACh. 20 - Prob. 7PACh. 20 - Prob. 1CCh. 20 - Prob. 2CCh. 20 - Prob. 3C
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- The determinants of profitability are cost, design, profitability and quality O a. False O b. Truearrow_forwardWhich of the following statements best describes the idea of a minimum viable product?a. A prototype of a new product or service that tests the technical feasibility of the product.b. A prototype of the new production facility or service delivery organization that determines if the product or service can be produced economically at scale.c. A prototype of a new product or service that allows the team to collect the maximumamount of learning with the least amount of effort.d. None of these statements is correct.arrow_forwardIt is the physical output of the whole production process A. Prototype B. Product C. Business Model D. Product descriptionarrow_forward
- Linux is an example of software packages * O True O Falsearrow_forwardOrganizations are teams of people that use equipment and technology. The purpose of an organization is to realize a certain mission and to achieve established goals. Select one alternative: False Truearrow_forwardA weak product may be very costly to the firm, where hidden costs may fail the product's reputation and affect the overall company's image. ) True O Falsearrow_forward
- Which of the following is not a function of marketing’s value creationprocess? a. Capturing value b. Delivering value c. Communicating value e. Exchanging value All of these are part of marketing’s value creation process.arrow_forwardThis is also a good time to understand the customer's value proposition and their likely purchase behavior, which will help the entrepreneur develop a more meaningful product or service. What new product development process is mentioned? Oa. Testing the prototype O b. Developing a product or service description O c. Creating a prototype O d. Validating the market The following are examples of non-monetary benefits, except: Oa. maternity or paternity leave O b. medical coverage 13th month pay O d. flexibility in work schedulearrow_forwardWhich of the following is a criticism of the traditional training design model? Multiple Choice It takes very little time compared to the rapid instructional design model. The trainer is the least important component of the design. It is a linear approach driven by subject-matter experts. It assumes that training content is unstable.arrow_forward
- Which of the following should be ignored in a make-or-buy decision? a. cost savings b. whether the supplier will make a profit that would no longer belong to the business c. future growth in the plant and other production opportunities d. quality issues with the supplierarrow_forward............... is concerned with discovering the root causes of risks in a particular system Select one: a. Hazard assessment b. Safety requirements specification c. Hazard analysis d. Hazard identificationarrow_forwardIf the expected value of perfect information is 0, which of the following is true? A) The expected value of imperfect information is less than 0 B) The result of learning the information has no chance of changing the preferred alternative C) The information has no effect on expected payoffs D) None of the abovearrow_forward
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