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List the five stages of team development.
Procurement Goal
Objectives set by an organization’s procurement department focusing on acquiring goods and services to meet its needs in terms of quality, quantity, timing, and cost.
Total Cost
The complete cost of producing and delivering a product or service, including material, labor, overhead, and any other direct or indirect costs.
Intellectual Property
Intellectual property encompasses legal rights granted to individuals or organizations over their creations, such as inventions, literary and artistic works, designs, and symbols, names, and images used in commerce.
Demand Information
Data or insights related to the quantities of goods or services desired by consumers at various prices over a certain time period.
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