The Aim of Quality Function Deployment (QFD) Is

question 6

Multiple Choice

The aim of Quality Function Deployment (QFD) is:

• A)To facilitate "House of Quality" analysis.
• B)To provide Value Analysis/Value Engineering input.
• C)To integrate Design for Manufacturing and Assembly (DFMA).
• D)To facilitate better cooperation between business functions.
• E)To get the voice of the customer into the design of a product.

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Definitions:

Efficient Market

A financial market theory suggesting that asset prices fully reflect all available information at any given time, ensuring that securities are appropriately priced and investors cannot consistently achieve higher-than-average returns.

NPV

Net Present Value, a calculation to determine the present value of future cash flows minus initial investment, used to assess the profitability of a project.

Market Efficiency

An economic theory that posits that it is impossible to "beat the market" because stock market efficiency causes existing share prices to always incorporate and reflect all relevant information.

Security Prices

The current market price or value of a financial security, such as stocks and bonds, determined by supply and demand.