Assignment: Cost-Quality Relationship
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 (suggested length of 1 to 3 pages) to your supervisor that addresses the following:
a. Identify the three types of costs when quality considerations are made.
b. Explain each of these types of costs using examples.
c. Evaluate the three types of costs considering the trade-offs within manufacturing a product and/or producing a service.
d. Acknowledge sources, using APA-formatted in-text citations and references, for content that is quoted, paraphrased, or summarized.
e. Demonstrate professional communication in the content and presentation of your submission.
Format your assignment according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.