Examlex
When evaluating relevant market segments, cost estimates are important to determine if an organization entering a particular segment can operate at costs equal to or below those of competitors.
Defects
Imperfections or faults in a product that cause it to deviate from its intended design, reducing its quality and possibly making it unfit for use.
Services
Economic activities that provide intangible benefits or assistance to consumers, businesses, or other entities.
Quality of Conformance
The degree to which a product or service meets its design specifications and quality standards.
Design Specifications
Detailed descriptions of the materials, dimensions, and overall requirements necessary to construct or produce an item.
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