Product Planning - Software Design Question and Answers

1.

Which of these is false about the opportunity statement?

   A.) Opportunity statement collects product ideas into opportunity funnel
   B.) Opportunity statement is brief description of product development idea
   C.) Opportunity statements for derivative and maintenance products summarize mass changes
   D.) None of the mentioned

Answer: Option 'A'

Opportunity statement collects product ideas into opportunity funnel

2.

Product development is a central business activity because?

   A.) It is expensive and complicated
   B.) It determines organization’s future
   C.) It is risky
   D.) All of the mentioned

Answer: Option 'D'

All of the mentioned

3.

What are the factors Profitability depends on?

   A.) Eventual cost of product for development and marketing
   B.) Release of competitive product
   C.) Concern for target markets
   D.) All of the mentioned

Answer: Option 'D'

All of the mentioned

4.

Which of these is not a part of product planning?

   A.) Identification of opportunities
   B.) Evaluation and prioritizing opportunities
   C.) Allocation of resources and time determination
   D.) Finalizing process

Answer: Option 'D'

Finalizing process

5.

Which of these are incorrect for the product plan?

   A.) No need to revise product plan frequently
   B.) Product plan guides the launch of various product development activities
   C.) All of the mentioned
   D.) None of the mentioned

Answer: Option 'A'

No need to revise product plan frequently

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