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Efforts to preserve the environment include
External Failure Costs
Expenses incurred when products or services fail to meet quality standards after being delivered to the customer, including returns, repairs, and warranties.
Lead Time
The period between the initiation and completion of a production process or the delivery of a service.
Value-Added Ratio
A measure of a company's efficiency, calculating the proportion of time and resources that contribute directly to customer value.
Batch Size
The amount of production in units of product that is produced after a setup.
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