Question

A large manufacturer of farm equipment has recently switched to a product design approach in which representatives from a variety of the firm’s functional areas are involved in the product design process. This type of approach is likely be referred to as?a. Concurrent engineeringb. Functional siloingc. Cooperative dynamicsd. Decision theor

Answer 1

Answer:

a. Concurrent engineering

Explanation:

Concurrent engineering is a form of simultaneous engineering it involves the various ways, means of designing and developing products, whereby different stages run simultaneously instead of  consecutively.  its advantage include shortening of product development time, market time, thereby leading to a favorable increase in productivity. it helps various aspect come together to work for a common goal/idea and it leads to low cost.

Product development and commercialization is a key area in the management process because it create structure for development  and creation of new market products jointly with customers and suppliers