Setting standards is challenging. If standards are set too low, companies might

Question
Setting standards is challenging. If standards are set too low, companies might purchase inferior products and employees might not work to their full potential. If standards are set too high, companies could be unable to offer a quality product at a profitable price and employees could be overworked. The ethical challenge is to set a high but reasonable standard. Assume that you are asked to set the standard materials price and quantity for a new warehouse robot, a technically advanced product. To properly set the price and quantity standards, you assemble a team of specialists to provide input. Identify three types of specialists that you would assemble to provide information to set the materials price and quantity standards. Briefly explain why you chose each specialist.

Question

Setting standards is challenging. If standards are set too low, companies might purchase inferior products and employees might not work to their full potential. If standards are set too high, companies could be unable to offer a quality product at a profitable price and employees could be overworked. The ethical challenge is to set a high but reasonable standard. Assume that you are asked to set the standard materials price and quantity for a new warehouse robot, a technically advanced product. To properly set the price and quantity standards, you assemble a team of specialists to provide input. Identify three types of specialists that you would assemble to provide information to set the materials price and quantity standards. Briefly explain why you chose each specialist.

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