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The Keynesian view helped create the field of macroeconomics.
Prevention Costs
Expenditures made to avoid defects in products or inefficiencies in services, part of quality control measures.
Value-Added
The enhancement a company gives its product or service before offering the product to customers, increasing the product's value.
Value-Added
The enhancement a company gives its product or service before offering the product to customers.
Non-Value-Added
Activities or processes that do not add value to a product or service from the customer's perspective, potentially leading to unnecessary costs.
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