External Failure Cost Definition
External Failure Cost Definition:
Costs that are incurred when a product or service that is defective is delivered to a customer.
Other Related Accounting Articles:
- Cost of Quality
- Quality Costs Definition
- Internal Failure Cost Definition
- Cost Structure
- Quality Cost Report Definition
- Warranty
- Appraisal Cost Definition
- Value Chain Definition
- Step Method Definition
- Service Department Costing
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