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Last Updated: May 30, 2026
No. of Questions: 176 Questions & Answers with Testing Engine
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1. How does a new product development process reduce risk?
I. It increases the points at which information is gathered and decisions are made II. It provides "bailout points" where the company can walk away from a poor project III. It lessens the investment at stake when the uncertainties are high
A) I, II, III
B) I, II
C) II, III
D) I, III
2. Your competitors have launch a new product. As you elevate your response to compete with them, you realize thaht the technology employed in your current product has reached its limits and cannot be improved to increase the performance to effectively compete and the only option is to consider superseding with newer and advanced technology. What stage on the technology S-Curve are you on?
A) Maturity stage
B) Laggard
C) Embryonic stage
D) Growth stage
3. A strategy can be dfined as ____.
A) An organisation's new product development plan
B) A organisation's philosophy
C) The organisation's values statement
D) A company's game plan for achievieng its long-term objectives
4. A company has decided on a name for its new product. The company has done an extensive search and has established that no other company or product is using this name. What form of Intellectual Property right should that company apply for to register the name?
A) Trademark
B) Patent
C) Trade secret
D) Copyright
5. You are CEO of company A. Your company has grown organically through lots of acquisitions and you have a wide range of products that have been launched into a variety of markets, and your product teams have ideas to develop new products. You need to opimiize the investment across all of these existing and new products. What would you do?
A) Approve proects that cost less than $500K to develop
B) Tell the reams no to develop any new products
C) Give each team the same amount of money and ask them to proceed with development
D) Establish a portfolio management process
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: D |
Curitis
Fabian
Horace
Kyle
Montague
Ingemar
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