Online Business Dictionary
Home
Answers
Videos
Article
Tips
Browse by subject
Most Popular
Term of the Day
BusinessDictionary.com
price of non quality (PONQ)
Definition
Aggregate
of time,
money
, and
opportunity cost
losses resulting from doing things wrong. PONQ is estimated by multiplying time taken to fix a mistake with number of
mistakes
and full hourly
wage rate
(including
overheads
,
overtime
,
benefits
, and other
expenses
).
Related Videos
http://www.businessdictionary.com/definition/price-of-non-quality-PONQ.html
Get our free
Term of the Day
newsletter!
Privacy Policy
Email
Print
Cite
Link
Copy and paste this HTML in your website to link to this page
Nearby Terms
price lining
price maintenance
price manipulation
price mechanism
price mixes
price negotiation memorandum (PNM)
price of non quality (PONQ)
price of time
price penetration
price point
price premium
price prevailing at date of shipment
price promotion
Popular 'Quality Control & Management' Terms
quality
process
customer
total quality management (TQM)
certificate of compliance
certificate of conformance
best in class
supplier
certificate of conformity
best practice
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