Q. The objective of product development is-
✅ Correct Answer: (A)
Provide the goods the market demands with changes in time and style
Functional Areas of Business MCQs and Notes
Q. Grouping of similar machines and equipment into departments where only certain kinds of work are done is
✅ Correct Answer: (A)
Process or functional layout
Q. The conversion of knowledge and requirement into a form, for use or manufacture is
✅ Correct Answer: (C)
Product design
Q. The fixation of appropriate size, shape, quality, process, weight and other characteristics as to manufacture a product of desired variety and utility is
✅ Correct Answer: (B)
Standardization
Q. Setting the productive activities in motion through release of orders and instructions is
✅ Correct Answer: (A)
Dispatching
Q. Controllable location factors for plant include
✅ Correct Answer: (D)
All of the above
Q. Production process begins with input which does not include
✅ Correct Answer: (A)
Goods and services
Q. Which Plant layout types deals with machines and equipments arranged in one line depending upon the sequence of operation required for the product:
✅ Correct Answer: (A)
Product layout
Q. Plant Location decisions is affected by:
✅ Correct Answer: (D)
All of the above
Q. Product development phases begins with
✅ Correct Answer: (D)
Idea generation