prevention cost


An expense incurred as part of the quality control efforts of a business performed in order to avoid having defective products reach consumers. A business might incur a prevention cost by using such product defect avoidance strategies as: statistical process control, quality engineering, staff training and various quality management tools.

Related Videos

Have a question about prevention cost? Ask for help in the
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z