The Process of Gathering Data About What Customers Need and Ensuring

question 31

Multiple Choice

The process of gathering data about what customers need and ensuring that desired features are included in the design and initial planning phase of a new product or service is known as:

• A) a quick response program.
• B) quality function deployment.
• C) total quality management.
• D) early supplier involvement.

Comprehend the primary sources of accounts payable in most companies.

Identify and differentiate between types of stock, particularly preferred and common stock.

Recognize the reasons and benefits behind corporate investments, specifically in terms of tax considerations.

Understand the various forms of taxes affecting businesses, particularly consumption taxes like sales tax.

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Definitions:

Articles of Confederation

The original constitution of the United States, ratified in 1781, which was replaced by the US Constitution in 1789.

Military Powers

The authorities and capabilities vested in a country's armed forces for defense, conflict resolution, and enforcement of national or international mandates.

Executive

refers to the branch of government responsible for implementing and enforcing laws, typically headed by a president or prime minister.

Unanimous Agreement

A consensus where all parties involved fully agree on a decision or statement without opposition.