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The Set of Linked Activities and Resources Needed to Create

question 71

Multiple Choice

The set of linked activities and resources needed to create and deliver a product or service to the customer is referred to as:

Understand the significance of design and innovation in product development.
Analyze the impact of market research and customer feedback on product development.
Explain the concept and applications of the Kano model in product development.
Distinguish between different types of new products and their development strategies.

Definitions:

Disbursements

Money paid out by a company or organization for various purposes, including expenses, investments, and dividends.

Weekly Disbursements

The total amount of cash paid by a business for its operational expenses on a weekly basis.

Miller-Orr Model

A financial model used to manage cash flow and cash reserves, helping firms to decide on the optimal level of cash balances and when to transfer funds.

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