What Type of Prototype Model Aims to Simply Test the Design

question 51

Multiple Choice

What type of prototype model aims to simply test the design of the product?

• A) Low fidelity prototype
• B) High fidelity prototype
• C) Looks-like prototype
• D) Works-like prototype
• E) All prototype models; that is the whole point

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Definitions:

Price Elasticity

An evaluation of the degree to which a change in the cost of a good influences the amount of it demanded.

Total Revenue

The total receipts from sales of a given quantity of goods or services; calculated as the unit price multiplied by the number of units sold.

Elastic Portion

A segment of the demand curve where a change in price leads to a more than proportional change in quantity demanded, indicating high price sensitivity.

Price Inelastic

Describes a situation where the demand for a good or service is relatively unresponsive to changes in price.