What Are Your Takeaways from This Chapter? List at Least

question 14

Essay

What are your takeaways from this chapter? List at least 4.
Understand customer needs
Involve finance and accounting early in the product development cycle
Risk management is a critical dimension of new product and service development. Risk management includes (1) early supplier involvement to reduce supply risks, (2) ensuring that the company is not outsourcing core competencies, and (3) design considerations such as whether products should be modular or integral.
The interface between marketing and SCM lies in developing the right product at a fair price and then positioning it properly in the marketplace.

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Definitions:

Vastus Lateralis

One of the four quadriceps muscles, located on the side of the thigh, responsible for extending the knee and stabilizing the leg.

Deltoid Muscle

A large triangular muscle on the shoulder that is involved in lifting and rotating the arm.

Topical Medications

Medicines applied directly to the surface of the body, especially the skin, to treat ailments or conditions.

Intradermal Medications

Medications that are administered into the dermis layer of the skin, typically for purposes like allergy testing or local anesthesia.