PASS THE EXAM WITH PDMA NPDP EXAM QUESTION

Pass The Exam With PDMA NPDP Exam Question

Pass The Exam With PDMA NPDP Exam Question

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Tags: New Exam NPDP Materials, Useful NPDP Dumps, NPDP Exam Sample Questions, NPDP Latest Test Testking, Test NPDP Question

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PDMA NPDP certification exam is designed for individuals who are involved in product development, innovation, and management. It is a comprehensive exam that covers various aspects of product development, including ideation, research, design, testing, launch, and post-launch activities. NPDP exam is intended to test an individual's understanding of the product development process and their ability to apply this knowledge to real-world situations.

The Product Development Professional (NPDP) Certification Exam is a highly respected certification program that recognizes the knowledge and skills of professionals in the field of product development. NPDP exam is administered by the Product Development and Management Association (PDMA), a global organization dedicated to improving the practice of product development and management.

The NPDP Certification Exam is designed for professionals who have a minimum of two years of experience in product development. NPDP exam is open to professionals with a range of backgrounds, including product managers, engineers, marketers, and designers. The NPDP Certification is a valuable credential for professionals seeking to advance their careers in product development or to demonstrate their knowledge and skills to potential employers. The NPDP Certification Exam is administered by PDMA and is offered online and at testing centers around the world.

PDMA Product Development Professional (NPDP) Certification Exam Sample Questions (Q17-Q22):

NEW QUESTION # 17
Mary is a product manager for ACE Electronics. Sha has been asked by the senior management executive to prepare a list of criteria as a basis for evaluation of new opportunities to be included in the new products portfolio. She presents the following list: potential market share, potentil contribution to company profitability, availbility of product development resources. MAry has omitted the moist important criterion form her list. What it is?

  • A. Sufficient marketing budget
  • B. Alignment with the company's new product strategy
  • C. Support from the chief executive
  • D. Sufficient manufacturing capability

Answer: B

Explanation:
The most important criterion that Mary has omitted is "Alignment with the company's new product strategy." Ensuring that new opportunities align with the strategic direction of the company is crucial for maintaining coherence in product development efforts and maximizing the strategic impact of new products. Without alignment, even potentially profitable and resource-feasible projects might not contribute effectively to the company's long-term goals and vision.


NEW QUESTION # 18
Ensuring that the right team principles are in place to promote performance is an aspect of a management role and is called ....:

  • A. Project management
  • B. Team development
  • C. Senior leadership
  • D. Team motivation

Answer: B

Explanation:
Team development involves ensuring that team principles promoting performance, such as effective communication, collaboration, and continuous improvement, are in place. This aspect of management focuses on building a cohesive team through training, support, and fostering a positive team culture.
Reference: Tuckman, B.W. (1965). Developmental sequence in small groups. Psychological Bulletin.


NEW QUESTION # 19
What quantitative market research tool should be used to identify a gap in the products offered to a market?

  • A. On-line forums
  • B. Lead users
  • C. Secondary research
  • D. Any appropriate multivariate technique

Answer: D

Explanation:
To identify a gap in the products offered to a market, "Any appropriate multivariate technique" is the correct quantitative market research tool. Multivariate techniques such as factor analysis, cluster analysis, or multidimensional scaling can be used to analyze complex data sets and identify patterns or gaps in the market. These techniques allow for the simultaneous analysis of multiple variables, helping to uncover relationships and market opportunities that might not be evident through simpler analysis methods.


NEW QUESTION # 20
Economic Value Added (EVA) is the before-tax cash flow generated by a business plus the cost of the capital it has deployed to generate that cash flow.

  • A. True
  • B. False

Answer: B

Explanation:
Economic Value Added (EVA) is a measure of a company's financial performance based on residual wealth, calculated by deducting the cost of capital from the company's operating profit (adjusted for taxes on a cash basis). It represents the value created beyond the required return of the company's shareholders. Therefore, EVA is not simply before-tax cash flow plus the cost of capital, but rather the net result after subtracting the cost of capital from the operating profit.
Thus, the correct answer is B: False.
References:
Stewart, G. B. (1991). The Quest for Value: The EVA Management Guide. HarperBusiness.
Young, S. D., & O'Byrne, S. F. (2000). EVA and Value-Based Management: A Practical Guide to Implementation. McGraw-Hill.


NEW QUESTION # 21
A company is developing a product thst is basically a realtively simple line extension of existing products. I knows the market well and the risks associated with product failure are low. What type of Stage-Gate process would be most likely appropriate for this development

  • A. A 3-stage process with a strong emphasis on pre-launch test test marketing
  • B. A 5-stage process with significant market reaserch research built into the decision-making
  • C. A 5-stage process with heavy emphasis on initial business analysis
  • D. A relatively short 3-stage process focusing on speed to market

Answer: D

Explanation:
For a product that is a relatively simple line extension of existing products, where the market is well known, and the risks associated with product failure are low, a "relatively short 3-stage process focusing on speed to market" is most appropriate. This streamlined process allows the company to quickly develop and launch the product by focusing on essential stages such as idea screening, development, and commercialization, without the need for extensive business analysis or market research typical in more complex or riskier projects.


NEW QUESTION # 22
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