The Main Forces That Initiate Product or Service Design or Redesign

question 54

True/False

The main forces that initiate product or service design or redesign are market opportunities or threats.

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Definitions:

Agency

The fiduciary relationship that arises when one person consents to have another act on his behalf and subject to his control and the other consents to do so.

Power of Attorney

A legal document that grants one individual (the agent) the authority to act on behalf of another (the principal) in legal or financial matters.

Legal Documents

Legal documents are formal written records that are drafted and executed in accordance with legal requirements, often used to establish rights, obligations, or agreements.

Durable Power

A legal document that grants a designated individual the authority to make decisions on another's behalf, typically in financial or healthcare matters, and often remains in effect even if the grantor becomes incapacitated.