Show Operations Management, Cdn. Ed., 2e (Heizer et al.) Chapter 5 Sustainability in the Supply Chain and Design of Goods and Services 1) Regal Marine's attempts to keep in touch with customers and respond to the marketplace are made impossible because consumer tastes change and maritime engineering improves. Answer: FALSE Diff: 3 Skill: knowledge Objective: Goods and services selection 2) A product strategy may focus on differentiation, low cost, or rapid response. Answer: TRUE Diff: 2 Skill: knowledge Objective: LO1 Define product life cycle 3) The objective of the product decision is to develop and implement a product strategy that meets the demands of the marketplace with a competitive advantage. Answer: TRUE Diff: 2 Skill: comprehension Objective: LO1 Define product life cycle 4) Political/legal change and economic change are both factors influencing market opportunities for new products. Answer: TRUE Diff: 1 Skill: comprehension Objective: LO1 Define product life cycle 5) The four phases of the product life cycle are incubation, introduction, growth, and decline. Answer: FALSE Diff: 3 Skill: knowledge Objective: LO1 Define product life cycle 6) In the maturity stage of the product life cycle, operations managers will be concerned with adding capacity or enhancing existing capacity to accommodate the increase in product demand. Answer: FALSE Diff: 2 Skill: comprehension Objective: LO1 Define product life cycle 1 © 2017 Pearson Canada Inc.
Question 88 Multiple Choice Question 88 Which of the following scenarios illustrates a moment that exceeds the customer's expectations?
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