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Andreyy89
3 years ago
7

Explain the importance of quality management and apply statistical quality control techniques.

Business
1 answer:
sashaice [31]3 years ago
6 0

Answer:

Explanation:

Quality management systems philosophy is a holistic understanding that accepts the system as a whole and sees quality as a customer-oriented common function of every element in this whole. In the most general sense, it is the whole of planned and systematic activities carried out with the aim of achieving the targeted quality in an organization. There are some special dimensions that are common in every quality trying to be created. Dimensions help to perceive quality from different and different angles. The quality perceived by the consumer is examined in eight dimensions:

-Performance

-Features

-Reliability

-Relevance

-Durability

-Service Ability

-Aesthetic

- Perceived Quality

Statistical process control is a method of monitoring the production process using statistical tools to manage product quality “directly in the production process”.  Statistical quality or process control is common in the industry and is one of the main and mandatory methods for implementing the requirements of the ISO / TS 16949 standard in the automotive industry. A key tool of the method is the Shekhart control card. This is a graphical tool for collecting data and making decisions regarding the stability or predictability of any process, which determines how to manage the corresponding process. Purposes of Statistical quality control:

- determine whether the process is within the technical requirements.

- determine if the process is running as part of a statistically controlled state:

- if the process is in a “statistically controlled” state, it is known how it will behave in the future, and whether it is possible to count on its results.

- timely identification of trends for corrective actions before the release of non-conforming products (maintenance of the process in a "statistically controlled" state).

- monitoring continuous process improvement through reduced variability.

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Which answer is not a cost to the investor that is included in the calculation of an investment's interest rate
jeyben [28]

Answer:

Risk of a bad investment

Explanation:

When an investor is calculating an investment's interest rate, he/she must include all brokerage commissions and fees , inflation rate (interest rate must exceed the inflation rate) and the investor's opportunity cost.

Investors are risk adverse, which means that a risky investment should yield a higher return. That could be considered a rational investment rule, but it is not included in the calculation of the interest rate.

4 0
3 years ago
An entrenpeneur knits sweaters for sale. The entrenpeneur has fixed costs of $100. When he makes 10 sweaters in one month, he mu
Likurg_2 [28]

Answer:

marginal cost = $2

Explanation:

given data:

cost on wool when 10 sweater made in one month = $15

cost on wool when 11 sweater made in one month = $17

fixed cost = $100

In case of no other cost present, marginal cost is given by

Marginal cost = cost of eleven sweaters - cost of ten sweaters

                       = $17 -$15

                       = $2

8 0
4 years ago
Which annuity payout option allows the policyowner to choose a pre-determined number of benefit payments?
VMariaS [17]
<span>The annuity payout option that allows the policyowner to choose a pre-determined number of benefit payments is known as an Annuity Certain. Which is a financial instrument that provides a stream of payments, for a predetermined number of years. If the annuitant dies before the payment term ends, an annuity certain will continue a stream of payments remitted to the annuitant's beneficiary or estate.</span>
6 0
3 years ago
A company that produces running shoes specifically for customers with low arches, utilizes a market-orientation approach and lik
masya89 [10]

Answer: The correct answer is "c. employs customer relationship management strategies.".

Explanation: Customer relationship management strategies involve a management model of the entire organization, based on customer satisfaction (or market orientation according to other authors). It is an approach to manage the interaction of a company with its current and potential customers.

4 0
3 years ago
A firm can establish a sustainable competitive advantage over competitors if:
ELEN [110]

Answer:

it provides its customers benefits similar to its competitors but at a lower price

Explanation:

N/A

8 0
3 years ago
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