Incorporating the Voice of the Customer into Technical Product Design

question 16

True/False

Incorporating the voice of the customer into technical product design requirements is known as quality function deployment (QFD).

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Definitions:

Interest-Bearing Note

A debt instrument that pays interest to the holder at a fixed or variable rate until it matures.

Borrowing Funds

The act of obtaining money from another party with the promise to return the principal amount along with interest.

Accounts Payable

Accounts payable represents the amounts a company owes to suppliers or creditors for goods or services received that have not yet been paid for.

FICA Taxes

Taxes imposed on both employees and employers to fund Social Security and Medicare, based on a percentage of the employees' wages.