Attribute how cost of quality is related to financial performance.
Chapter13: Services Marketing
Section: Chapter Questions
Problem 5DYMP
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Attribute how cost of quality is related to financial performance.
Expert Solution
Step 1
Cost is the value of the money that is used to produce something, it is paid in order to get something in return, either a product or service. Cost is of three types:
- Fixed cost
- Variable cost
- Semi-Variable cost
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