Assignment: Cost-Quality Relationship
The graduate understands the relationship between costs and quality.
Scenario
You are employed by a firm that produces tangible products. These products are then sold to a consuming populace that is unaffected by place, income, sex, race, age, or any environmental concerns. These products are acquired and used across the spectrum of consumers.
Task
Prepare a memo to your supervisor that addresses the following:
o Identify the three types of costs when quality considerations are made.
o Explain each of these types of costs using examples.
o Evaluate the three types of costs considering the trade-offs within manufacturing a product and/or producing a service.
o Acknowledge sources, using APA-formatted in-text citations and references, for content that is quoted, paraphrased, or summarized.
o Demonstrate professional communication in the content and presentation of your submission.
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.