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If there is a "perfect" relationship between two variables, how much of the variance in one variable is explained by the other variable?
Non-Value-Added
Activities or processes that do not add any significant value to the final product or service from the customer's perspective.
Value-Added Ratio
The ratio of the value-added lead time to the total lead time.
External Failure Cost
Costs incurred when products or services fail to meet quality standards after being delivered to the customer, including returns, repairs, and lost sales.
External Failure Cost
External failure costs are expenses incurred when products or services fail to meet quality standards after being delivered to the customer, including returns, repairs, and lost sales.
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