Identify and Briefly Discuss the Core Quality Management Content Variables

question 35

Essay

Identify and briefly discuss the core quality management content variables.

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Definitions:

Fixed Manufacturing Overhead

Costs related to manufacturing that do not vary with the level of production, such as factory rent, salaries of permanent staff, and depreciation of factory equipment.

Fixed Expenses

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.

Variable Expenses

These are costs that change in proportion to the activity of a business.

Discontinue Product

The decision to stop producing and selling a specific product due to factors like poor sales, obsolescence, or strategic realignment.