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:

Subjective

Based on or influenced by personal feelings, tastes, or opinions rather than objective facts.

Organizational Objectives

The defined goals and aims that an organization seeks to achieve in order to fulfill its mission and attain long-term success.

Measurable Outcomes

Specific, quantifiable results or achievements that can be used to evaluate the success of a project or intervention.

Compensation Decisions

The process of determining and allocating monetary and non-monetary rewards to employees in exchange for their work and performance.