Saving Time by Not Producing Poor-Quality Products That Cannot Be

question 81

Multiple Choice

Saving time by not producing poor-quality products that cannot be sold,lowering rework costs,lowering scrap costs,and lowering warranty costs are the intended results of:

• A)total feature management.
• B)reengineering.
• C)logistics.
• D)total quality management.

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Definitions:

Marginal Utility

The extra pleasure or benefit gained by a person from consuming one more unit of a product or service.

Total Utility

The overall satisfaction or utility that a consumer derives from consuming a certain quantity of goods or services.

Marginal Utility

The extra pleasure or benefit a consumer receives from using an additional unit of a product or service.

Maximizing Utility

The process by which individuals or consumers adjust their consumption of goods and services to achieve the highest level of satisfaction or utility.