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To assesses the quality of the raw materials semi finished goods and finished products at various stages of production process.
To see whether the product conforms to the predetermined standards and specifications and whether it satisfies the need of the customers .
It the quality of the products deviates from the specification able to locate the reason for deviations and to take necessary remedial steps so that deviation should not be recurred.
To suggest suitable improvements in this quality or standard of goods produced without much increase or no increase in the cost of production. New techniques in machines and methods may be applied for this purpose.
To develop quality consciousness in the various sections of the manufacturing unit.
To assess the various techniques of quality control methods and processes of production and suggest improvement in them to be more effective.
While the industry average ROE is about 15%, average profit margin of 50%, asset efficiency of 10%, and leverage ratio of 3, the ROE for ABC, Inc., using data from January 2011, wa
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