Examlex
The employment statistics computed from the Survey of Employment, Payroll, and Hours do not include:
External Failure Cost
Costs incurred when a product or service fails to meet quality standards after it is delivered to the customer, including returns, repairs, and warranty claims.
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.
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