Response to the following questions:
1. "The purpose of just-in-time (JIT) is to reduce inventory." Do you agree or disagree? Explain.
2. In what way do Edward Deming's ideas of total quality management (TQM) change Andrew Carnegie's slogan, "Watch the costs and the profits will take care of themselves"?
3. Briefly describe the four types of costs in costs of quality (COQ).
If possible, please give examples to better understand your answers.