What Are the Two Dimensions of Product Quality

question 6

Multiple Choice

What are the two dimensions of product quality?

• A) consistency and level
• B) performance and conformance
• C) design and innovation
• D) conformance and style
• E) feature and design

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Definitions:

Inventory Turnover

A calculation representing the turnover rate of a company's stock, showing how often it's sold and replaced within a given period.

Current Ratio

A liquidity measure that evaluates a company's ability to pay short-term obligations or those due within one year, calculated by dividing current assets by current liabilities.

Fixed Asset Turnover

A financial ratio that measures a company’s ability to generate sales from its fixed-asset investments - such as property, plant, and equipment.

Current Ratio

A financial ratio assessing a firm's capacity to fulfill its short-term liabilities using its current assets.