Examlex
In the Zero Defects view of the total cost of quality,the minimum value of the total cost curve is closer to the y axis (the cost axis)than it is in the traditional view.
Process Map
A visual representation of the steps involved in a process, showing how tasks are connected and flow from one to the next.
Target Costing
A pricing strategy in which the selling price of a product is determined first, and then the manufacturing cost is managed to meet the desired profit margin.
Value Engineering
A systematic method to improve the "value" of goods or products and services by using an examination of function.
Target Price
The price at which an investor aims to buy or sell a stock based on future price predictions.
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