Product Design

Evaluation is usually understood as the assessment or appraisal of projects, processes and functional units (e.g. devices, objects) as well as organisational units: Organisational units. Context, structure, process, effort and result can be included. In general, evaluation can also be understood as the fundamental examination of whether and to what extent something appears suitable to fulfil an intended purpose. In linguistic usage, evaluation, investigation and analysis are also used synonymously in the sense of a stocktaking without a particular purpose orientation. Evaluation serves the retrospective control of effects, the forward-looking control and the understanding of situations and processes. The evaluation data can be used to adapt and optimise the processes under investigation.

h

Depending on the production, there are different goods to choose from. A distinction is made between consumer goods and consumer durables within capital goods and luxury goods. Here it is important whether the goods are used for operation or production, for long-term use or only once.

h

The developed ideas are checked to their economic and market-strategic suitability and further refined and modified in the course of the process. The item "Idea generation and conception" usually consists of several loops that depend on the feedback from the customer, his technical department or marketing. Once the conception phase is complete, the next steps follow:

The product portfolio determines the entire production process. It decides the production, materials, appearance and specifications. Information is provided here, details are described in more detail and presented. This can serve as a guide and review for producers or be used as a pitch for potential investors.

A luxury good is a colloquial term for a class of goods that are perceived as luxuries by a consumer or, in economics (and there specifically in microeconomics), a class of goods whose demand increases disproportionately to the rise in income as income rises. It means the services of a company meeting the highest requirements, where small series to unique products are manufactured. They are not for daily pleasure.