OMIS 338 EXAMINATION TEST BANK 2026
VIEW AHEAD EXAM COMPLETE QUESTIONS
AND ANSWERS
◍ Why are new products development and introduction important in
competitive markets? Answer: Great new products are the key to
success and revenue, Customers buy satisfaction, not just a physical
good or particular service
◍ What is an example of the Differentiation Strategy for competitive
options? Answer: Apple (better)
◍ What is an example of the Low Cost strategy for competitive
options? Answer: Walmart (cheaper)
◍ What is an example of the Rapid Response strategy for competitive
options? Answer: FedEx (faster)
◍ Why should Operations get involved in the product conception
stage? Answer: To determine the operations capabilities (materials,
labor, technology) and to know the time frame for market readiness.
◍ Introduction Answer: Process capability and quality of
manufacturing and suppliers
, ◍ Growth Answer: Forecasted level for focus on production and
supplier capacities and Product and process reliability
◍ Maturity Answer: Optimize for Cost, Quality and Delivery
◍ Decline Answer: Focus on cost reduction, capacity reduction and
minimize inventory obsolescence
◍ When does the product development team hand responsibility of
production over to the operations team? Answer: After successful new
product introduction
◍ What are the Project Characteristics discussed in this unit? Answer:
Single unit, many related activities, High labor skills, General purpose
equipment, and Difficult production planning and inventory control
◍ What are the responsibilities of the Project Manager? Answer: -All
necessary activities are finished in order and on time
-The project comes in within budget
-The project meets quality goals
-The people assigned to the project receive motivation, direction, and
information
◍ Project Managers should be: Answer: Good coaches, good
communicators, & able to organize activities from a variety of
disciplines
VIEW AHEAD EXAM COMPLETE QUESTIONS
AND ANSWERS
◍ Why are new products development and introduction important in
competitive markets? Answer: Great new products are the key to
success and revenue, Customers buy satisfaction, not just a physical
good or particular service
◍ What is an example of the Differentiation Strategy for competitive
options? Answer: Apple (better)
◍ What is an example of the Low Cost strategy for competitive
options? Answer: Walmart (cheaper)
◍ What is an example of the Rapid Response strategy for competitive
options? Answer: FedEx (faster)
◍ Why should Operations get involved in the product conception
stage? Answer: To determine the operations capabilities (materials,
labor, technology) and to know the time frame for market readiness.
◍ Introduction Answer: Process capability and quality of
manufacturing and suppliers
, ◍ Growth Answer: Forecasted level for focus on production and
supplier capacities and Product and process reliability
◍ Maturity Answer: Optimize for Cost, Quality and Delivery
◍ Decline Answer: Focus on cost reduction, capacity reduction and
minimize inventory obsolescence
◍ When does the product development team hand responsibility of
production over to the operations team? Answer: After successful new
product introduction
◍ What are the Project Characteristics discussed in this unit? Answer:
Single unit, many related activities, High labor skills, General purpose
equipment, and Difficult production planning and inventory control
◍ What are the responsibilities of the Project Manager? Answer: -All
necessary activities are finished in order and on time
-The project comes in within budget
-The project meets quality goals
-The people assigned to the project receive motivation, direction, and
information
◍ Project Managers should be: Answer: Good coaches, good
communicators, & able to organize activities from a variety of
disciplines
