Examlex
The calculation of ratios from financial data is referred to as
Quality Costs
Expenses associated with preventing, detecting, and correcting defective work or products, including costs of quality control measures and losses due to flaws or failures.
Lowest Cost Supplier
A supplier that offers products or services at the lowest price compared to competitors, often sought after to reduce expenses in the supply chain.
Definitions Of Quality
Various perspectives and metrics used to evaluate the characteristics and performance of products, services, or processes against set standards.
User-Based
Designates products, services, or systems that are developed with a focus on the end-users' needs and usability.
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