SIMULATIONS NPDP PDF, STUDY MATERIALS NPDP REVIEW

Simulations NPDP Pdf, Study Materials NPDP Review

Simulations NPDP Pdf, Study Materials NPDP Review

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Tags: Simulations NPDP Pdf, Study Materials NPDP Review, NPDP Related Certifications, Training NPDP Online, Test Certification NPDP Cost

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Our PDMA NPDP practice exam software will record all the attempts you have made in the past and display any modifications or improvements made in each attempt. This Product Development Professional (NPDP) Certification Exam (NPDP) exam simulation software enables you to track your progress and quantify how much you have improved.

In order to sit for the NPDP Exam, candidates must meet certain qualifications. This includes having a minimum of two years of experience with product development or innovation activities. Additionally, candidates must have a bachelor's degree or equivalent education/work experience. The NPDP Exam is designed to test the knowledge and skills of product development professionals across a wide range of topics, including product strategy, development processes, and commercialization.

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Study Materials NPDP Review, NPDP Related Certifications

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PDMA Product Development Professional (NPDP) Certification Exam Sample Questions (Q57-Q62):

NEW QUESTION # 57
In evaluating product opportnities, which of the folllowing is a non-financial method for evalutaion?

  • A. Level of risk
  • B. Internal rate of return
  • C. Net present value
  • D. Payback period

Answer: A

Explanation:
In evaluating product opportunities, "Level of risk" is a non-financial method of evaluation. Non-financial evaluation methods focus on qualitative aspects such as strategic fit, technical feasibility, and risks associated with the product development. While financial methods like Net Present Value (NPV), Payback Period, and Internal Rate of Return (IRR) quantify potential financial returns, the level of risk assesses uncertainties and potential challenges that could impact the success of the product, such as market risks, technical risks, and operational risks.


NEW QUESTION # 58
The House of Quality relates the voice of the customer to the voice of:

  • A. Manufacturing
  • B. Advertising
  • C. Marketing
  • D. Engineering

Answer: D

Explanation:
The House of Quality is a part of Quality Function Deployment (QFD) that links the voice of the customer (customer requirements) to the voice of engineering (technical requirements). This tool helps ensure that customer desires are systematically translated into appropriate technical specifications, enhancing the product development process. Reference: Hauser, J.R., & Clausing, D. (1988). The House of Quality. Harvard Business Review.


NEW QUESTION # 59
Which of the following are product development strategies identified by Robert Cooper?
I. Differentiation
II. Technology Push
III. High Budget/Diverse
IV. Prospector

  • A. I, II, III, IV
  • B. I, II, III
  • C. II, III, IV
  • D. I, III, IV

Answer: B

Explanation:
Robert Cooper, a prominent figure in the field of product development, identified several strategies that companies can employ. These include:
Differentiation: Developing products that stand out from competitors due to unique features or superior performance.
Technology Push: Leveraging new technologies to create innovative products that meet market needs.
High Budget/Diverse: Investing substantial resources into diverse projects to ensure a wide range of innovative products. However, "Prospector" is not a strategy identified by Robert Cooper in his framework but is rather a term from organizational theory by Miles and Snow that describes a company continually seeking new market opportunities. References: Cooper, R. G. (2001). Winning at New Products: Accelerating the Process from Idea to Launch. Basic Books.


NEW QUESTION # 60
The innovation process can start with any one of the following except?

  • A. A firm envisions a form of product, which is then created by use of a technology and then given to customers to see is it has any benefits/needs
  • B. Customer has a need, which a firm finds out about. It calls on its technology to produce a form that is then sold to the customer
  • C. A Firm has a technology that it matches with a given market group, and then finds out a need that group has, which is then met by a particular form
  • D. Customer has a solution that drives the form and technology that benefits the customer

Answer: D

Explanation:
The innovation process generally starts with identifying a need, leveraging technology, and developing a product form to meet that need. The options provided describe typical starting points in the innovation process:
A. Customer has a need, which a firm finds out about. It calls on its technology to produce a form that is then sold to the customer: This describes a customer-driven innovation process.
C. A Firm has a technology that it matches with a given market group, and then finds out a need that group has, which is then met by a particular form: This describes a technology-driven innovation process.
D. A firm envisions a form of product, which is then created by use of a technology and then given to customers to see if it has any benefits/needs: This describes a form-driven innovation process.
Option B is incorrect because it implies that the customer has already developed a solution, which is not typically the starting point for the firm's innovation process. Instead, firms usually start with a need or a technology and then develop the form. References: Trott, P. (2016). Innovation Management and New Product Development. Pearson.


NEW QUESTION # 61
A product manager reviewed technical publications, electronic databases, and websites prior to deisgning a research project that directly contacts prospective customers. This review of already-published materials is an example of:

  • A. Voice of the customer
  • B. Secondary market research
  • C. Market testing
  • D. Portfolio management

Answer: B

Explanation:
Secondary market research involves reviewing and analyzing already published materials such as technical publications, electronic databases, and websites to gather information relevant to a research project. This type of research leverages existing data to inform and guide the primary research efforts that involve direct customer contact. Reference: Burns, A.C., & Bush, R.F. (2010). Marketing Research. Pearson.


NEW QUESTION # 62
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