_________ Is a Cycle of Repetition in Which a Company

question 42

Short Answer

_________ is a cycle of repetition in which a company tests a prototype of a new product or service,improves on the design,and then builds and tests the improved product or service prototype.

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Definitions:

Negotiable Instrument

A document in writing that ensures a certain sum of money will be paid, whether immediately upon request or at a predetermined date, with the document specifying the individual responsible for the payment.

Particular Fund

A specific pool of money that is designated for a particular purpose or investment strategy.

Unconditional Promise

A commitment that is absolute and not subject to any conditions or contingencies.

Payable to Bearer

A designation on a financial instrument (like a check) meaning the person in possession of it can redeem it for its value.