Using the law of diminishing marginal returns, quality costs can be modeled to show the trade-offs between these costs. This trade-off model is called the ________.

Name: Using the law of diminishing marginal returns, quality costs can be modeled to show the trade-offs between these costs. This trade-off model is called the ________.
Brand: Quizplus
Rating: 4.7 (63 reviews)

Question

Quizplus · Accepted Answer

The Lundvall-Juran model is a trade-off model that uses the law of diminishing marginal returns to show the trade-offs between quality costs.

Using the Law of Diminishing Marginal Returns, Quality Costs Can