To Develop a Good CVP,products Must Not Only Fulfill a Need

question 59

Multiple Choice

To develop a good CVP,products must not only fulfill a need but also ______.

• A)have a technological component
• B)fit into customers' lifestyles
• C)fill a large market
• D)appeal to affluent customers

Explain the role and influence of the Republican Party and its “Contract with America” during the mid-1990s.

Appreciate the cultural and societal changes occurring in the United States during the Clinton years.

Assess the legacy of the Clinton administration in terms of policy, social, and economic changes.

Understand the challenges and strategies associated with managing in times of uncertainty and potential downsizing.

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Definitions:

Legal Benefit

An advantage or gain, especially in a contractual context, that a party receives, which constitutes consideration necessary for a valid contract.

Unilateral Contract

A contract in which only one party makes a promise or undertakes a performance, while the other side only has to perform if they choose to.

Forbearance

An agreement between a debtor and lender to temporarily postpone repayment of a loan, often to avoid default.

Illusory Promise

signifies a statement that appears to be a promise but does not actually bind the party making it to a particular action or outcome, thus lacking the substance necessary for a valid contract.