Product Design Begins with

question 45

Multiple Choice

Product design begins with

• A)a feasibility study.
• B)a form design.
• C)understanding the customer and identifying customer needs.
• D)pilot runs and final tests.

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Definitions:

Precautionary Motive

A rationale for holding money or liquid assets to guard against future uncertainties and potential emergencies.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Cash

Physical currency such as coins and banknotes or the equivalent in bank balances that can be immediately accessible.