The Four Categories of Cost Associated with a COQ System

question 32

Multiple Choice

The four categories of cost associated with a COQ system are:

• A)External failure,internal failure,prevention,and carrying.
• B)External failure,internal failure,prevention,and appraisal.
• C)External failure,internal failure,training,and appraisal.
• D)Warranty,product liability,training,and appraisal.
• E)Warranty,product liability,prevention,and appraisal.

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Definitions:

Labour Market Trends

The general direction or movement of employment conditions and practices within an economy over time.

Human Resource Scan

An analysis tool used to evaluate the current competencies, skills, and productivity of an organization's workforce.

Environment Scan

The process of collecting and analyzing information about the internal and external environment to identify opportunities and threats.

Best-Cost Provider

A strategy where a company aims to offer products or services that are of high quality and relatively low cost to attain a competitive advantage.