Product Design

Form Utility
Form Utility refers to the enhancement of a product's marketability through changes to its physical characteristics, making it more useful to consumers.
Product Development Process
The structured sequence of stages involved in bringing a new product or service concept to market, encompassing market analysis, targeting, development, distribution, and feedback analysis.
Target Costing
A strategic method for pricing products or services based on the price customers are willing to pay, ensuring both market competitiveness and profitability.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.