Product and Service Flashcards

1
Q

refers to the entire process of engineering a potential
future product or service, including its form, fit, and function

A

Product and service design

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2
Q

it can be a strong incentive for design improvement. It refers to the
responsibility of a manufacturer for any injuries or damages caused by a faulty product.

A

Product liability

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3
Q

the process a product goes through from when it is first
introduced into the market until it declines or is removed from the market. it has
four stages - introduction, growth, maturity and decline

A

product life cycle

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4
Q

refers to the extent to which there is absence of variety in a
product, service, or process.

A

Standardization

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5
Q

Advantages: 1. Fewer parts to deal with in inventory and in manufacturing.

  1. Reduced training costs and time.
  2. More routine purchasing, handling, and inspection procedures.
  3. Order fillable from inventory.
  4. Opportunities for long production run and automation.
  5. Need for fewer parts justifies increased expenditures on perfecting
    designs and improving quality control procedures
A

Standardization

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6
Q

a strategy of producing basically standardized goods, but
incorporating some degree of customization in the final product or service. This is an answer
to those demands for a more variety but low cost products.

A

Mass customization

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7
Q

It is a postponement tactic. It refers to the process of producing but not quite
completing, a product or service until customer preferences are known.

A

Delayed differentiation

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8
Q

It is a form of standardization in which component parts are grouped into modules
that are easily replaced or interchanged.

A

Modular Design

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9
Q

measure of the ability of a product, part or system to perform its
intended function under a prescribed set of condition.

A

Reliability

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10
Q

used to describe a situation in which a product, part, or system does not perform as
intended.

A

failure

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11
Q

is a design that results in products or services that can function over a
broad range of conditions.

A

Robust design

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12
Q
A
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