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"If you have a genetic predisposition to a disease,such as cancer,you will eventually get it." Is that a true statement?
Prevention Costs
Costs incurred to avoid or minimize the number of defects in products or services, typically including quality planning and training.
Appraisal Costs
Expenses associated with evaluating and inspecting products to ensure they meet quality and compliance standards.
Internal Failure Costs
Internal Failure Costs are expenses incurred when a product fails to meet quality standards before it is shipped to customers, including scrap, rework, and downtime.
External Failure Costs
Costs that arise when a product fails to meet quality standards after being delivered to the customer, including returns, repairs, and warranty claims.