A Useful Tool for Translating Customers' Everyday Language into Specific

question 127

True/False

A useful tool for translating customers' everyday language into specific technical requirements is Quality Function Deployment.

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Definitions:

Relevant Range

The span of operations where the presuppositions regarding variable and fixed cost dynamics remain applicable.

Sunk Cost

Costs that have already been incurred and cannot be recovered, which should not affect future business decisions.

Marginal Cost

The cost incurred by producing one additional unit of a product or service.

Indirect Cost

Expenses not directly tied to the production of goods or services, such as administration, rent, and utilities.