Answer:
Quality assurance
Explanation:
Quality assurance can be defined as a process of identifying if a particular product meets up to the specified requirements. It helps to assure the quality of products that are manufactured in an organization.
The main function of a quality assurance system is to boost the customer confidence and also the company's credibility, while also improving the different work processes and efficiency. It also enables an organization to be able to compete well with other brands.
Quality assurance process helps to prevent product defects.
Answer:
Consumption ratios for the four drivers in relation to both the cards will be consumption for a particular card/total consumption for both the cards which will be as follows :-
Total consumption for Inspection = 140 + 60
= 200
Total consumption for Setup = 60 + 20
= 80
Total consumption for Machine = 180 + 650
= 830
Total consumption for Number of moves = 230 + 60
= 290
Hence,
Consumption ratios for Inspection hours:
Scented Cards =
= 0.7
Regular Cards =
= 0.3
Consumption ratios for Setup hours:
Scented Cards =
= 0.75
Regular Cards =
= 0.25
Consumption ratios for Machine hours:
Scented Cards =
= 0.22
Regular Cards =
= 0.78
Consumption ratios for Number of moves:
Scented Cards =
= 0.79
Regular Cards =
= 0.21
Answer:
Explanation:
In the case of two goods, a consumer's equilibrium is attained at the point when the utility gotten from each additional unit or money spent on each of the goods are equal. That is, Marginal Utility of a dollar spent on the good x that is, MUx/Px equals to the marginal utility of dollar spent on good Y i.e MUy = Py which is also equal to the marginal utility of money.
In such a case when either the marginal utility of x or y is different, the consumer will rearrange his consumption combination till the equality is restored again.
I don’t know if this is what you’re asking but!
Answer:
A current trend in management is to include customers and suppliers in the strategic planning process.
Explanation:
The process of involving the customers is called co-creation and is a popular business practice nowadays. E.G. The use of social media for naming the most recent album of a band.