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Which of the Following Is a Main Factor That Explains

question 48

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Which of the following is a main factor that explains the differences in the incomes of U.S. households?


Definitions:

Customer Needs

The essential wants and requirements that consumers seek to fulfill with the purchase of goods and services.

Product Quality

The characteristics of a product that determine its ability to meet stated or implied needs and expectations of the user, typically including durability, reliability, and performance.

New-product Development

The process of bringing a new product or service to the market, involving stages such as ideation, design, development, and commercialization.

Cross-functional Teams

Teams made up of individuals from diverse departments or fields of specialty, collaborating to achieve a shared objective.

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