The Two Basic Elements of Consideration Are Intention and Agreement

question 18

True/False

The two basic elements of consideration are intention and agreement.

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Definitions:

Product/Service

A product or service refers to any item or assistance offered by businesses or individuals that meet the needs or desires of consumers.

House of Quality

A comprehensive framework used in the quality function deployment process that translates customer requirements into appropriate company requirements at each stage, from product planning to production.

Value Analysis

A review of successful products that takes place during the production process.

Product Success

The achievement of specific goals set for a product, often measured through metrics such as sales, profitability, market share, and customer satisfaction.