Product development or product design entails a process of balancing various types of considerations to ensure that the final product meets the needs and expectations of the customers.
1. Functionality: This refers to how well the product meets the functional requirements of the users. It includes aspects such as ease of use, reliability, and performance.
2. Aesthetics: This refers to the visual appeal of the product. It includes factors such as color, shape, and texture.
3. Cost: This refers to the amount of money required to produce the product. It includes factors such as materials, labor, and overhead costs.
4. Safety: This refers to how safe the product is to use. It includes factors such as product testing, warning labels, and safety features.
5. Environmental impact: This refers to the impact of the product on the environment. It includes factors such as sustainability, recyclability, and waste reduction.
Balancing these considerations is essential to ensure that the final product meets the needs of the customers while also being cost-effective and environmentally responsible. By taking into account all of these considerations, product development and design teams can create products that are functional, visually appealing, affordable, safe, and sustainable.
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Answer:
Money makes it easier to compare prices of different products.
B) Stocks allow investors to own a portion of the company; bonds are loans to the company.
C) Stocks pay interest to investors throughout the year; bonds only pay interest at fixed times during the year.
D) Stocks are a more reliable investment; bonds tend to be more volatile.
The difference between stocks and bonds is B) Stocks allow investors to own a portion of the company; bonds are loans to the company.
Stocks are a type of security that represents ownership in a company. When you buy a stock, you are essentially buying a small piece of the company. Bonds, on the other hand, are a type of debt security. When you buy a bond, you are lending money to the company or government that issued the bond.
As a result of this difference, stocks and bonds have different risks and rewards. Stocks are considered to be a riskier investment than bonds, but they also have the potential to generate higher returns.
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Answer:
The answer is there will a loss of $1600 if the material is reworked rather than sold at scrap value.
Explanation:
Sales value of reworked material: $32,600
Less: Cost to rework material: $2,300
Net Sales Value: $30,300
Current Scrap Value: $31,900
Net loss : $1,600
($1,600)
Answer:
C. Flowchart
Explanation:
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