According to the Textbook, the Only Way to Know If

question 50

Multiple Choice

According to the textbook, the only way to know if your product or service is what people want is by ________.

• A) interviewing industry experts
• B) library, Internet and gumshoe research
• C) conducting brainstorming sessions
• D) talking to them
• E) surveying them

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Definitions:

Justifiable Reliance

The reasonable trust placed by one party in the representations of another, particularly in situations leading to contracts or agreements.

Noncontractual Promise

An assurance or pledge not bound by a formal contract and generally not enforceable by law.

Material Misrepresentation

Providing false or misleading information of significant importance, intentionally or accidentally, which can impact contractual agreements or decisions.

Voidable

A legal term referring to a transaction or agreement that is valid until one of the parties involved decides to void it.