In the Area of Product and Service Design, the Acronym

question 46

Multiple Choice

In the area of product and service design, the acronym CAD refers to:

• A)conceptually appropriate design.
• B)computer-aided design.
• C)commercial applications design.
• D)competitive advantage design.
• E)completely automated design.

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Definitions:

Buyer

An individual or entity that makes a purchase or agrees to purchase goods or services.

"On Approval"

A transaction condition allowing a buyer to take merchandise home for a trial period before making a final purchase decision.

Risk Of Loss

A legal term referring to the responsibility for damage or loss of goods, typically determining who bears the risk at various points during a transaction.

Possession

The state or fact of owning or holding something in one’s control, typically physical objects, but can also refer to rights.