Examlex
Which of the following statements regarding quality costs is(are) false? (A) In a cost of quality system,internal and external failure costs are called conformance costs.(B) Prevention costs are costs incurred to detect individual units of product that do not conform to its specifications.
Location Selection
The process of choosing an optimal place for business operations, considering factors such as cost, accessibility, and market demand.
Goods
Physical items that are produced, bought, or sold to satisfy wants or needs of consumers.
Services
Intangible products provided to consumers, such as healthcare, education, and financial advice, that do not result in ownership of any physical goods.
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