A Product Assembled of 10 Purchased Components,where the Defective Rate

question 7

Multiple Choice

A product assembled of 10 purchased components,where the defective rate of each component is 0.5%,will result in finished product quality of

• A) 90%.
• B) 95.11%.
• C) 99.5%.
• D) none of the above.

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Definitions:

Domestic Strategy

Internationalizing by exporting goods abroad as a means of seeking new markets.

Labour Market

The arena in which employers and employees interact, considering the demand and supply of labor, where wages, employment levels, and working conditions are determined.

Forecasting Demand

The process of estimating the future demand for a product or service based on historical data, market trends, and other factors.

International Setting

Refers to the global context in which organizations operate, encompassing different cultures, legal systems, and market conditions.