………………….refers to the process of creating new products or modifying the existing ones within a predetermined time frame and cost price

Related MCQs

• In the case of…………………. the products are produced as per the specifications of the customers within prefixed time and cost.
• This cost is the cost associated with measuring evaluating, or auditing products or services to assure conformance to quality standards and performance requirements
• ………………..is the process of creating and using mathematical representations of management problems and organizations to predict outcomes of proposed courses of action
• …………….is the process of careful step by step of dismantling of existing product in order to understand its unique underlying concepts
• …………….refers to the manufacturing of large volume of a single or a very few varieties of products with a standard set of processes
• This cost is the costs resulting from products or services not conforming to requirements or user needs.
• ………………is the systematic recording and critical examination of existing and the proposed way of doing work as a means of developing effective methods.
• ……………………is one that is capable of producing a variety of products (or parts) with virtually no time lost for changeovers form one product to the next.
• The difference between the actual cost and standard cost is called
• ……………………..is an organized creative approach which has its objective, the efficient identification of unnecessary cost—cost which provides neither quality nor use nor life nor appearance nor customer features.