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Explain Quality Control.
Quality Control: Control is a system for measuring and inspecting (checking) a phenomenon. This suggests when to inspect, how often to inspect and how much to check. In addition, this incorporates a feedback mechanism that explores the causes of poor quality and takes corrective action. This quality control system performs inspection, analysis and testing to conclude whether the quality of each product is according laid down quality standards or not. It is termed as statistical quality control if statistical techniques are employed to control quality or to resolve quality control problems.
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Explain Different types of Decisions. Different types of Decisions: Decisions may be of various types. Several of the significant types of managerial decisions are explained
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Another factor of change is a shortened business cycle We are forced to bring products to market faster, to make faster return on investments, and to develop new products more quic
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