The Concept of "Quality" Can Be Applied Only to Manufacturing

question 60

True/False

The concept of "quality" can be applied only to manufacturing organizations, but not to service organizations.

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Definitions:

Limited Quantities

Refers to the availability of a product being restricted to a certain number, often used as a marketing strategy to increase demand.

Large Numbers

Quantities that are significantly higher than what is typical, often used to denote scale in statistical or numerical contexts.

Economies of Scope

Cost advantages that a business achieves by providing a variety of products rather than specializing in a single product or service.

Economies of Scope

Cost advantages that enterprises obtain through the diversification of production, by producing multiple products using the same operations or inputs.