This May Be Calculated to Help the Company Determine If

question 54

Multiple Choice

This may be calculated to help the company determine if an additional feature would be valued by the customer and should be added.

• A)Willingness to pay
• B)Robustness
• C)Environmental ratio
• D)Quality function deployment
• E)Customization quotient

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Definitions:

Illusory Promise

Describes a statement or agreement that appears to be a promise but is too vague or has terms that allow the promisor to avoid any real obligation.

Consideration

Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.

Student Debt

Loans accumulated through financing higher education, often a significant financial burden for graduates.

Bilateral Contract

A legal agreement in which both parties make promises to perform certain actions or obligations.