ict.docx

1. What strategies might a company use during the \'Decline\' phase of the product life cycle to manage costs? 2. What are the key elements of a Quality Control System, and how do they ensure compliance with standards? 3. Describe the impact of \'internal and external failure costs\' on...

1. What strategies might a company use during the \'Decline\' phase of the product life cycle to manage costs? 2. What are the key elements of a Quality Control System, and how do they ensure compliance with standards? 3. Describe the impact of \'internal and external failure costs\' on a company\'s overall quality expenses. 4. What is the difference between \'direct materials\' and \'indirect materials\' in manufacturing costs? 5. How does a company\'s focus on quality contribute to its competitive advantage in global markets?