Quality Function Deployment (QFD)is Based on a Set of Standards

question 99

True/False

Quality function deployment (QFD)is based on a set of standards which relate customer requirements to company capabilities.

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Definitions:

Quantity Demanded

The overall quantity of a product or service that customers are ready to buy at a particular price during a defined timeframe.

Normal Good

A normal good is a type of good for which demand increases when income increases, and falls when income decreases but price remains constant.

Income Rises

An increase in the amount of money received by individuals or entities, typically through wages, dividends, or investments.

Elastic Demands

Demand for a product or service that significantly changes in response to price changes, indicating high price sensitivity among consumers.