The Process of Creating New Products That Customers Want Is

question 26

Multiple Choice

The process of creating new products that customers want is called:

• A) market segmentation.
• B) total quality management.
• C) cost control.
• D) innovation.
• E) restructuring.

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Definitions:

Defence

Legal arguments and evidence presented to counter a claim or accusation in a court of law.

Errors and Omissions

A type of professional liability insurance that protects companies and individuals against claims made by clients for inadequate work or negligent actions.

Strictly Liable

A legal principle where a party is held responsible for damages or loss, regardless of fault or intent.

Property Owner

An individual or entity that legally owns land, buildings, or both, holding rights to use, rent, sell, or manage the property as they see fit.