Describe the Process IDEO Suggests an Entrepreneur Needs to Go

question 13

Essay

Describe the process IDEO suggests an entrepreneur needs to go through to design a product.

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Definitions:

Contract

A contract is a legally binding agreement between two or more parties, enforceable by law.

Consideration

The value (such as money, service, or goods) exchanged between parties in a contract which makes the agreement legally binding.

Bilateral Contract

An agreement involving two parties where each promises to perform an act in exchange for the other's act.

Unilateral Contract

A legal agreement in which only one party makes a promise or undertakes a performance obligation in exchange for an act by the other party.