Topics: Economics and Personal Finances, Socioeconomic Class. 1  Richard Fry is a senior researcher focusing on economics and education at Pew Research Center. 2  Rakesh Kochhar is an associate director of research at Pew Research Center.
In the United States, the Census Bureau determines who is poor using an economic poverty measure, by calculating official poverty estimates using a set of dollar-value thresholds, or minimum amount of income needed to meet basic needs, that vary by family size and composition.
What is Cost of Poor Quality (COPQ)? The Cost of Poor Quality is the sum of internal and external failures. It is measured differently depending on the industry. Six Sigma reduces costs and waste by determining the COPQ through the processes of:-Understanding who your customers are and what is important to them.