
Week 4 Review
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Business
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University
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Dayoung Kim
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2 Slides • 4 Questions
1
[BMS5513]
Week 4 Review
Some text here about the topic of discussion
2
Open Ended
What was the number you rolled?
(Report the number you got between 1 - 6)
3
Multiple Choice
The goal of 'Concept Scoring Matrix' is to find the one best product concept.
True
False
4
Multiple Choice
What would be the most appropriate situation to apply conjoint analysis?
Choosing a life partner
Dinner menu (food pairing) design
Designing credit card features
Designing space travel package
5
Conjoint Analysis
Product value should be approximated from the sum of parts!
Attributes should not interact (chocolate + oyster?)
Attributes can be described in discrete and unambiguous terms (spouse material?)
Subjects may give unreliable response if they are forced to think of attributes that they have never thought about (space travel?)
Some text here about the topic of discussion
6
Multiple Choice
At the product development phase, firms need to decide on their product design and architecture. The biggest benefit of modular design is achieved from
mass production
mass customization
individual customization
early differentiation
[BMS5513]
Week 4 Review
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