How Can PLM Software Improve the Efficiency and Effectiveness of the Product

question 7

Multiple Choice

How can PLM software improve the efficiency and effectiveness of the product design process?

• A)It can eliminate the costs associated with creating and destroying physical prototypes.
• B)It can simulate how new products will be manufactured.
• C)It can store all the data associated with all products.
• D)All of the above

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Definitions:

Projected Price Increases

Anticipated rises in the costs of goods or services over a future period, often due to factors like inflation, demand, or supply chain issues.

Transportation Costs

Expenses incurred in moving goods from one location to another, including shipping, freight, and delivery fees.

Financial Accounting

The field of accounting focused on the preparation of financial statements for external users, such as investors and creditors.

Managerial Accounting

The field of accounting that focuses on providing information and analysis to managers within organizations to enable informed business decision-making.