The cost of a new product is no longer an outcome of the product design process; rather, it is an input to the process.

Question

Quizplus · Accepted Answer

In modern product design processes, the cost of a new product is considered as an input and a constraint for the design process, rather than just an outcome of it. This is due to the increasing focus on cost-effectiveness and cost efficiency in product development.

The Cost of a New Product Is No Longer an Outcome