Quality Function Deployment (QFD) Describes a Method for Translating Customer

question 53

True/False

Quality function deployment (QFD) describes a method for translating customer requirements into functional design.

---

Definitions:

Profit-maximizing

A strategy or behavior where a firm aims to achieve the highest possible profit from its operations, considering costs, revenue, and market conditions.

Zero Economic Profit

A scenario where a firm's total revenues are exactly equal to its total costs, indicating no abnormal profit beyond the normal rate of return.

Short Run

A period in which at least one factor of production is fixed, limiting the ability of a firm to adjust to changes in market demand.

Average Variable Cost

The total variable costs divided by the quantity of output produced, showing the variable cost per unit of output.