Developing a ________ Helps to Ensure That a Product Will

question 27

Short Answer

Developing a ________ helps to ensure that a product will not be a hazard to users or their families, that it can be produced in the company's or supplier's manufacturing facilities, and that it can be manufactured at a cost low enough to generate profits.

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Definitions:

Builder's Lien Legislation

Laws providing builders, contractors, and laborers with the right to secure payment for services and materials through a lien on the improved property.

Holdback

A specified percentage that a person owing funds on a construction contract must retain for a specified period to protect against claims made by the suppliers of goods and services.

Real Property

Land and anything permanently affixed to it, such as buildings and trees, including both the physical property and the rights associated with owning it.

Personal Property

Objects or belongings that are not fixed to land or buildings, including both physical items and intangible rights.