Top 150+ Solved Product Design and Value Engineering MCQ Questions Answer
Q. ____________ is the apparent monetary value of the bundle of functional, psychological and economic advantages consumers expect from a given market offering because of the products, services, personnel and image involved.
a. Customer-perceived value
b. Total customer cost
c. Total customer benefit
d. None of the above
Q. ____________ is the perceived package of costs customers anticipate to incur in assessing, obtaining, utilizing and disposing of the given market offering, including time, monetary, energy and psychological costs.
a. Customer-perceived value
b. Total customer cost
c. Total customer benefit
d. None of the above
Q. The seller must evaluate__________ related with each peer company’s offer in order to know how their offer rates in the buyer’s mind.
a. Total customer benefit
b. Total customer cost
c. Both A & B
d. None of the above
Q. _______is a person’s feelings of disappointment or pleasure that result from evaluating a product’s perceived performance to their expectations.
a. Customer loyalty
b. Customer satisfaction
c. Customer value
d. none of the above
Q. The link between the customer loyalty and customer satisfaction is _____
a. Proportional
b. Non-proportional
c. Unaffected
d. None of the above
Q. What is the Use value of Pencil
a. It contains Ink
b. For smooth flow
c. To Mark
d. None of the above
Q. Which statement is correct?
a. Value is inversely proportional to Cost
b. Value is directly proportional to cost
c. Value is inversely proportional to Function
d. None of the above
Q. Value engineering is also called ________.
a. Value analysis
b. Value Management
c. Value Methodology
d. All of the above
Q. What is the sell function of bed sheet ?
a. For good appearance
b. To avoid dust
c. To cover mattress
d. None of the above
Q. The Economic value consists following
a. Economic value
b. Cost value
c. Esteem
d. All of the above
Q. Which phase is not available in SAVE plan methodology?
a. Information
b. Creative
c. Execution
d. Recommendation
Q. Value Engineering can be applied in the following area _________.
a. Construction
b. Process
c. Manufacturing
d. All of the above
Q. What is the sell function of curtain ?
a. To cover window
b. For aesthetic
c. Prevent dust
d. All of the above
Q. Problem solving consists of
a. Identifying problem
b. Thorough study of problem
c. Creating alternatives
d. All of the above
Q. Which Job plan phase is mostly preferred by Value engineering?
a. Identification
b. Creative
c. Evaluation
d. Development