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Feigenbaum's quality management philosophy is summarized by the following three points: quality leadership,modern quality technology,and organizational commitment.Discuss how failure to adopt these points will compromise quality.
Marginal Cost
The rise in sum total expense from the production of one extra unit of a product or service.
Market Price
The current price at which a good or service can be bought or sold in a marketplace.
Average Total Cost
The cost per unit is calculated by dividing the sum of fixed and variable production costs by the total quantity of units produced.
Market Price
The current price at which an asset or service can be bought or sold in a particular marketplace.
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