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What Are the Two Advantages of an Innovation Management System

question 76

Essay

What are the two advantages of an innovation management system for developing new products? Provide four strategies for a company to use to establish a successful system.


Definitions:

Good Faith

Acting with honest intentions without taking unfair advantage over another party, especially in contracts and negotiations.

UCC

The Uniform Commercial Code, a set of laws that regulate sales and commercial transactions in the United States.

Express Warranties

Explicitly stated assurances provided by a seller to a buyer regarding the quality, condition, or performance of a product or service.

Express Warranty

is a seller’s promise or guarantee that a product will meet certain quality and reliability standards, explicitly stated in the contract or sales agreement.

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