What Philosophy of Quality Control Does JIT Manufacturing Use

question 65

Multiple Choice

What philosophy of quality control does JIT manufacturing use?

• A)just in case (JIC)
• B)acceptable quality level (AQL)
• C)total quality control (TQC)
• D)manufacturing quality level (MQL)

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Definitions:

Standard Markup

A conventional percentage added to the cost price of goods to determine their selling price.

Bundle Pricing

A pricing strategy in which several products or services are packaged together and sold at a single price, often lower than the total cost of purchasing each item separately.

Skimming Strategy

A pricing strategy where a company sets relatively high prices at the launch of a new product to maximize profits from customers willing to pay a premium.

Bundle Packaging

The practice of selling multiple products or services together as a single package deal.