Cost of quality,
Definition of Cost of quality:
Sum of costs incurred in maintaining acceptable quality levels plus the cost of failure to maintain that level (cost of poor quality).
How to use Cost of quality in a sentence?
- After a year of poor review received for their product line, it became obvious to those in the corporate sector of the business that the presumed cost of quality theyd been acting under did not reflect the true cost required for their line to succeed, a number which they realized required adjustment, both to deflect the costs of the businesss bad year, and to ensure needed strategies and enhancements were put into action.
- Our cost of quality was not too great and I think we had a lot of good things headed our way.
- You need to know that the cost of quality will pay off in the end as more people will buy your product.
Meaning of Cost of quality & Cost of quality Definition