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What is the "agency point of view"? Why is it important?
Appraisal Cost
Expenses related to the process of determining the quality of products or services, such as inspection and testing costs.
Test And Inspection
Processes aimed at ensuring that products or services meet the required quality standards before they reach the customer.
Quality Cost Report
A detailed report quantifying the total costs associated with preventing, detecting, and correcting defective work, including all aspects of quality control.
Prevention Cost
Expenses incurred to prevent defects in products or services, including quality training and product design improvements.
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