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How Well the Design of a Product or Service Meets

question 32

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How well the design of a product or service meets and exceeds the needs and expectations of the customer is called:

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Definitions:

Machine-Hours

The total hours that a machine is operated over a specific period of time, used in allocating manufacturing costs.

Relevant Range

The scope of operations in which the beliefs regarding constant and fluctuating cost patterns hold true.

Cost Formula

An equation used to predict the total costs associated with a certain level of activity or production volume.

Selling

The process of promoting and exchanging goods or services for value with customers.

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