Whether the companies that have gone out of business suffered this due to the reason of focusing only on cost and not on the quality standard. Introduction: Production process of a product involves some mandatory costs in a very large volume. Within these costs a company must maintain its standard quality of the product in order to run the business. However, some companies fail to do so in spite huge incurred expenses and finally run out of business in very beginning.

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Chapter 1.3, Problem 3P

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To explain: Whether the companies that have gone out of business suffered this due to the reason of focusing only on cost and not on the quality standard.

Introduction: Production process of a product involves some mandatory costs in a very large volume. Within these costs a company must maintain its standard quality of the product in order to run the business. However, some companies fail to do so in spite huge incurred expenses and finally run out of business in very beginning.

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