dolution

Deming has the notion of price and cost of quality. We understand that cost is one of the methods that a; allows an organization to determine the extent to which its resources are used for activities that prevent the poor quality of an organization. The cost of a product can influence its price. For example, if a widget costs $10 to build, its price must be higher than $10, or the business cannot earn a profit on its sale. Another.

The cost of a product can influence its price. For example, if a widget costs $10 to build, its price must be higher than $10, or the business cannot earn a profit on its sale.