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Finally, durable goods are important because the indicator sheds light on so many different segments of the economy, including tech, transportation, manufacturing, machinery, residential and ...
Product durability is predicated by good repairability and regenerability in conjunction with maintenance. [3] Every durable product must be capable of adapting to technical, technological and design developments. [3]
A car is a durable good. The gasoline that powers it is a non-durable (or consumable) good.. In economics, a durable good or a hard good or consumer durable is a good that does not quickly wear out or, more specifically, one that yields utility over time rather than being completely consumed in one use.
It is therefore imperative that contracts are created to be as durable as possible so parties are unable to find legal ‘loopholes’ and use their power, wealth, ignorance or cultural differences in setting contracts aside. Following these descriptions is a list of ways on which contracts can be made more durable.
In business ethics, Ethical decision-making is the study of the process of making decisions that engender trust, and thus indicate responsibility, fairness and caring to an individual. To be ethical, one has to demonstrate respect, and responsibility. [ 1 ]
Garvin anticipated that the features of quality which he delineated would provide a business management vocabulary intended to support the use of quality as a strategic planning tool. Garvin, who died on 30 April 2017, [ 2 ] was posthumously honored with the prestigious award for 'Outstanding Contribution to the Case Method ' on 4 March 2018.
As a matter of law, in the United States, the materiality principle controls whether a publicly traded corporation must disclose certain information, that is: "a fact is material if there is a substantial likelihood that the fact would have been viewed by a reasonable investor as having significantly altered the ‘total mix’ of information ...
Carrier also discusses fictitious commodities, which are things that are not produced in the conventional sense, material or not, and can be appropriated for commercial gain. [ clarification needed ] The conceptual categories of ethicality need to be legible to consumers in order for a consumer to be able to participate in ethical consumption.