CHAPTER 4 Flashcards
1
Q
is the products and services it offers, and
every aspect of the organization and its
supply chain are structured around those
products and services.
A
Essence of a Business Organization
2
Q
Organized efforts to increase scientific
knowledge or product innovation.
A
Research and development (R&D)
3
Q
The responsibility of a manufacturer for any
injuries or damages caused by a faulty
product.
A
Product liability
4
Q
A product must be suitable for its intended
purpose
A
Uniform Commercial Code
5
Q
Recovering materials for future use
A
Recycling
6
Q
A systematic approach to managing the
series of changes a product goes through,
from its conception to its end-of-life.
A
Product life cycle management (PLM)
7
Q
Extent to which a product, service, or process
lacks variety.
A
Standardization
