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One of the Definitions for the Cost of Quality Is

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One of the definitions for the cost of quality is that it represents the costs attributable to the production of quality that is not 100 percent perfect.


Definitions:

Selling Price

The amount of money charged for a product or service offered to customers.

Advertising Budget

The amount of money allocated by a business for activities related to the promotion and advertising of its products or services.

Monthly Sales

The total revenue generated from sales operations within a specific month.

Sales Commissions

A portion of the sale price paid to salespersons as a reward for their sales efforts, typically a percentage of the sales they generate.

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