Examlex
Philip B.Crosby's quality philosophy is centered around __________.
Inventory
Inventory consists of the goods and materials a business holds for the purpose of resale or production, including raw materials, work-in-progress, and finished goods.
Conversion Costs
The sum of direct labor costs and manufacturing overhead costs, representing the costs to convert raw materials into finished goods.
Planned Production
The forecasted or scheduled production activities based on demand, inventory levels, and capacity planning to meet business objectives.
Prevention Costs
Expenses incurred to prevent defects in products or services, including training, quality control, and early design testing.
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