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Updated: Jul 17, 2026
No. of Questions: 176 Questions & Answers with Testing Engine
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1. The creative process of generating and communicating new ideas where and idea is basic element of thought that can be visual, concrete or abstract is termed:
A) Market research
B) Concept development
C) Ideation
D) Mind-mapping
2. In evaluation product opportunities, which of the following is a financial method for evalutaion?
A) Return of investment
B) Strategic alligment
C) Time to market
D) Technical feasibility
3. One of the most commonly referred to success factors, relating to team formation, for product development projects is...
A) A strong project leader
B) Cross-functional representation
C) Team members who enjoy each other's' company
D) Lots of creative team members
4. In which of the following scenarios is it most important to use net present value rather than payback period for financial analysis of a new product's potential?
A) Potential profitability is high, the product has a log life cycle and interest are low
B) A high level of capital expenditure is required, the product has long potential life cycle, and interest rates are high
C) A low level od capital expenditure is required, the product has long potential life cyckle and interest rates are hign
D) Potential profitability is high, the product has a short life cycle and interest rates are high
5. New products include:
I. New to the world products, or breakthroughs, e.g. the personal computer II. New category entries, or platforms, e.g. Intel's 386, 486, Pentium, etc.
III. Additions to product lines, or enhancements, e.g. Pentium II 500mhz, etc.
A) I and II
B) I and III
C) I, II and III
D) II and IIID
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: C |
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