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Which types of quality costs are incurred once the product is produced and then found to be defective before being sold to customers?
Milton Friedman
An influential American economist known for his strong belief in free-market capitalism and minimal government intervention in the economy.
Firm's Owners
Individuals or entities that hold the ownership rights and stakes in a company, controlling its operations to some extent.
Stakeholders
Individuals or groups that have an interest, stake, or investment in an organization and can affect or be affected by its operations.
Local Government
The administration of a specific area such as a city, town, or district, providing services and enforcing regulations at a community level.
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