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When Good A is produced,pollution is also produced.When the marginal social cost of production of Good A equals marginal social benefit from Good A,then I.there is no pollution.
II.resources are used efficiently.
Manufacturing-Based Definition
relates to quality concepts focusing on adherence to specifications and efficiency in production processes.
Customer Dissatisfaction
Refers to the state when customers' expectations are not met by the products or services provided, leading to a possible decline in loyalty and business.
Warranty
A guarantee provided by a manufacturer or vendor regarding the condition of its product and a promise to repair or replace it within a specified time frame if it's found to be defective.
Maintenance Costs
The expenses involved in keeping equipment, facilities, or assets in working condition, including repairs and preventive measures.
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