Difference between quality control and quality assurance in food industry
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From the following information of Shri Ram Chits ltd., calculate the value of goodwill of
the firm by capitalisation of average profit. Normal rate of return is 10%. Profit for the year
is Rs.3,00,000; Total capital of the firm is Rs.22,00,000.
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Quality Assurance in the Food Industry– Defect Prevention. Quality assurance (QA) is a set of activities for ensuring quality in the processes by which products are developed. It's a proactive process and aims to prevent defects by concentrating on the process used to make the product.
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