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What do you call the sum of all the expenses (cost of materials and operational expenses)?
Total cost of production
The product of the desired profit (e.g., 40%) and total cost of production is the?
Expected Profit
The sum of your profit and total cost of production is called the
Selling Price
is determined by numerous but distinct properties, characteristics, or attributes of a product.
Quality
is important because it adds to the product’s functions and benefits when people use it.
Quality
means that a product must benefit the person using or consuming it, help achieve a specific human task, contribute to the upliftment of emotions, or successfully complete its function and accomplish its intended purpose.
Good Quality
means repetition of orders
Satisfied buyers
could lose a good customer or buyer in the process.
Unsatisfied buyers
Give the four major categories of costs associated with quality
Prevention costs
Appraisal costs
Internal failure costs
External failure costs
are associated with reducing the potential for defective parts or services
Prevention costs
are related to evaluating products, processes, parts, and services
Appraisal costs
are those that result from the production of defective parts or services before delivery to customers
Internal failure costs
are incurred after the delivery of products and upon discovery of defects, such as in parts or services
External failure costs
Its goal is to detect a defective process immediately.
Quality Assurance
5 Dimensions of Product Quality
Context
Purpose
Performance
Design
Intuition
This dimension is about the cultural appropriation of a product.
Context
This is the problem-solving aspects of the product.
Purpose
This dimension refers to the act of usage of a product.
Performance
This is the visual and material dimension of a product. It is responsible for attracting the eyes and is the reason for a person’s emotional and psychological responses to the product.
Design
The dimension goes hand in hand with the design, where a product must suggest its use and its function just by seeing its physical characteristics.
Intuition
is the arrangement of elements of art
Design
Design results in two things:
Order
Beauty
Give the 5 Principles of Design Applied in Fashion Accessory making
Harmony
Balance
Rhythm
Emphasis
Proportion
creates an impression of unity or oneness through the proper selection and arrangement of objects that are consistent with one another.
Harmony
means the objects or materials have a resemblance; when put together, they seem to belong with one another.
Consistency
creates an impression of stability or equilibrium. This is achieved in the craft when the design you have on one side of the object is the same on the other side of the object.
Balance
refers to the organization of the design that leads the eyes easily from one part of the object to the other parts. You can establish this by repeating lines or shapes, by a progression of sizes (from small to large and vice versa), or by continuous line movement.
Rhythm
refers to the part of the object where the eye should be attracted. This is considered the most important part of the arrangement. From this part, the eyes are led to the less important parts of the arrangement.
Emphasis
relates to the space relationship. It is concerned with good spacing.
Proportion
is used as a container as well as the protection
Packaging or Wrapping
This creates the first impression.
packaging of the product
3 Points to consider in packaging
Labeling
Durability
Design, Shape, and Color
This is used to guarantee that consumers have access to complete information on the products.
Labeling
Packaging should protect the product from possible damage.
Durability
This is used to attract possible customers to take a second look, check, and finally buy the product.
Design, Shape, and Color