A Product Design Approach That Uses Digital Connectivity to Deliver

question 38

Multiple Choice

A product design approach that uses digital connectivity to deliver services is known as:

• A)Service platform
• B)Modular design
• C)Product platform
• D)Design for service

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Definitions:

Complementary Goods

Products which tend to be used together, where the use of one increases the demand for another.

Wealth

The abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions.

Flow Measure

A type of economic measurement that is recorded over a specific period of time, such as income or expenditure.

Demand Curves

A graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing to purchase at different prices.