To Be Commercially Successful, New Products Must Be Developed with ____

question 27

Multiple Choice

To be commercially successful, new products must be developed with ____ in mind.

• A) manufacturing requirements
• B) engineering technology
• C) customer requirements
• D) sales techniques
• E) technical requirements

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Definitions:

Statute of Frauds

A legal doctrine requiring certain contracts to be documented in writing and officially signed, aimed at preventing fraudulent claims and enforcing agreements.

Oral Contract

An agreement between parties that is spoken and not written, yet is legally binding under certain conditions.

Indefinite Period

A time span without a specified end date.

Merger Clause

A contract clause providing that the written contract is the complete expression of the parties’ agreement. Also called integration clause.