Concurrent Engineering Relies on an Integrated Approach, in Which the Engineering/design

question 23

Multiple Choice

Concurrent engineering relies on an integrated approach, in which the engineering/design process takes place throughout the cost life cycle using cross-functional teams. Strategically, this concurrent approach should give a firm all of the following except:

• A) Flexibility in refining its design.
• B) Ability to quickly incorporate customer suggestions.
• C) Cost savings because of time saved.
• D) More detailed analysis of product functionality.

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Definitions:

Reservation Point

The least favorable point at which one will accept a deal during negotiations; it's the bottom line or minimum outcome acceptable.

Culture

A shared set of beliefs, values, and patterns of behaviour common to a group of people.

Negotiations

The act of discussing and arriving at a mutual agreement between parties with different interests or desires.

High-Context Culture

A culture in which communication relies heavily on implicit cues and contexts, with less explicit verbal information.