Technological Forecasting Helps Determine the Technological Feasibility of New Products

question 115

True/False

Technological forecasting helps determine the technological feasibility of new products by surveying large numbers of consumers.

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Definitions:

Oral Express Warranties

Verbal promises made by a seller to a buyer about the nature or quality of the product being sold.

Sales Agreement

A contract between a buyer and seller outlining the terms and conditions of a sale of goods or services.

Liability

The state of being legally responsible for something, often referring to financial obligations incurred through actions or by contract.

Lemon-Law

Legislation that offers remedies to consumers for products, especially vehicles, that fail to meet standards of quality and performance after multiple repair attempts.