Examlex
Taguchi defines quality in terms of:
Nations
Politically organized territories with defined borders, a common government, and a shared cultural or historical identity.
Technologies
Encompasses the collection of techniques, skills, methods, and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation.
Comparative Advantage
The ability of an individual, company, or nation to produce a good or service at a lower opportunity cost than its competitors.
High-Opportunity Cost
Refers to the high value or benefit that is foregone from not choosing the next best alternative with available resources.
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