Given:You are employed by a firm that produces tangible products. Theseproducts

Given:You are employed by a firm that produces tangible products. Theseproducts are then sold to a consuming populace that is unaffectedby place income sex race age or any environmental concerns.These products are acquired and used across the spectrum ofconsumers.Task:Prepare a memo (1-3 pages) to your supervisor that addresses thefollowing: Identify the three types of costs when qualityconsiderations are made. Explain each of these types of costs usingexamples. Evaluate the three types of costs consideringthe trade-offs within manufacturing a product and/or producing aservice.