Examlex
A router is an intelligent connecting device that examines each packet of data it receives and then decides which way to send it onward toward its destination.
Life Cycle Cost
Encompasses all costs associated with a product or asset over its entire life, from acquisition through disposal.
Cost-plus Price
An approach where the selling price of a product is fixed by appending a set markup to the product’s per-unit cost.
Appraisal Costs
Costs associated with the inspection and testing of materials and products to ensure quality standards are met.
Defects
Imperfections or faults in a product that cause it to be unsuitable for its intended use or significantly reduce its usability.
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