Predicting Demand Is Never an Exact Science

question 49

True/False

Predicting demand is never an exact science.

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Definitions:

Design Defects

Flaws in the planned design of a product that make it inherently unsafe or unfit for its intended use, potentially leading to liability for the manufacturers.

Design Defect

A flaw in the design of a product that makes it unsafe or unfit for its intended use.

Consumer Expectations Test

A legal standard used to determine product liability based on whether a product meets the ordinary expectations of a consumer.

Feasible Alternatives Test

The feasible alternatives test is a legal or regulatory principle that requires the consideration of practical and possible options before proceeding with actions that may have significant effects or risks.