You are employed by a firm that produces tangible products. These products are then sold to a consuming populace that is unaffected by place, income, sex, race, age, or any environmental concerns. These products are acquired and used across the spectrum of consumers.Task:Prepare a memo (1-3 pages) to your supervisor that addresses the following:A. Identify the three types of costs when quality considerations are made.B. Explain each of these types of costs using examples.C. Evaluate the three types of costs considering the trade-offs within manufacturing a product and/or producing a service.
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