Test Your Product Knowledge

Explanation
Prototyping is not defined as a draft version of a product that won't allow you to explore your ideas and show the intention behind a feature nor the overall design concept to users before investing time and money into development. Instead, prototyping is a step that needs to be done well deep into the design phase, once we have all input from stakeholders. Therefore, the correct answer is false.

Explanation
Making changes to a product early in the development process is cost-effective because it requires fewer resources, time, and effort compared to making changes after the product has been fully developed and implemented. Early changes can be easily incorporated into the design and development phases, saving costs associated with rework, redesign, and redevelopment. Additionally, addressing any issues or improvements early on prevents potential problems from escalating and becoming more expensive to fix later. Therefore, it is true that it is much cheaper to change a product early in the development process than to make changes after the development is completed.

Explanation
Prototyping allow you to gather feedback from users while you are still planning and designing your product or service

Explanation
The question asks for the types of prototypes, and the correct answer options are "Hi-Fi" and "Low-Fi." Hi-Fi prototypes refer to high-fidelity prototypes that closely resemble the final product in terms of design, functionality, and interactivity. Low-Fi prototypes, on the other hand, are low-fidelity prototypes that are quick and inexpensive to create, often using simple sketches or mockups to test basic concepts and gather feedback. Scy-Fi and Mid-Fi are not recognized types of prototypes, making them incorrect options.

Explanation
The correct answer is Materials, Installation, Shipping & Handling. These are examples of direct costs associated with prototyping. Materials are required to build the prototype, installation costs are incurred to set up the prototype, and shipping & handling expenses are necessary to transport the prototype. Engineering and design services are not mentioned in the question and are therefore not included in the answer.