A Technique Used to Translate Customer Requirements into Technical Requirements

question 8

Multiple Choice

A technique used to translate customer requirements into technical requirements is:

• A)quality assurance.
• B)statistical quality control.
• C)quality function deployment.
• D)continuous improvement.

Describe how international trade impacts resource demand.

Evaluate the impact of resource price changes on production costs and substitution.

Understand the concepts of absorption and activity-based costing (ABC).

Calculate the full cost of a product using absorption costing.

---

Definitions:

Domestic Price

The price of goods or services within a country's borders, exclusive of international factors.

World Price

The price at which goods trade on the international market, reflecting the global balance of supply and demand for those goods.

Import

Goods or services that come into a country from abroad for sale.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a product and the actual price they do pay.