Examlex
_____ allows a buying organization to react more quickly when risk events occur by already having previously prepared plans and proposed responses in place in advance of the actual event.
External Failure Costs
Costs incurred when a customer receives a defective product.
Appraisal Costs
Costs related to identifying defective units before they are shipped to customers.
Optimum Quality Level
The level of quality at which the total cost associated with quality management (including prevention, appraisal, and failure) is minimized.
Balanced Scorecard
A set of performance measures that provide a comprehensive view of the organization by recognizing the goals of shareholders, the satisfaction of customers and employees, and methods to improve the firms internal processes.
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