Question $72(15$ points$)$

Explain the concept of a Competitive Product Space and the operations frontier.

In terms of the four basic product attributes $($cost$,$ time, quality, and flexibility$),$

explain if and when tradeoffs between them exist.

In terms of the four basic product attributes $($cost$,$ time, quality, and flexibility$),$

explain if and when tradeoffs between them fail to exist.