Recording the Maintenance History of Processes, Machines, or Equipment Is

question 32

True/False

Recording the maintenance history of processes, machines, or equipment is important for preventive maintenance, but largely irrelevant for breakdown maintenance.

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Definitions:

Potential Product

A concept in marketing that refers to all the possible enhancements and improvements that a product might undergo to meet future needs or untapped market segments.

Market Testing

The process of evaluating the viability of a new product or service through controlled customer exposure, gathering feedback before a full-scale launch.

Planned Obsolescence

A strategy where products are designed with a limited useful life or undergo frequent changes, compelling consumers to purchase new products more often.

Pricing Strategy

The approach a company takes to setting the price of its products or services, based on costs, market demand, competitor pricing, and other factors.