Product quality costs refer to the cost associated with the quality of design and quality of conformance; this is the major key factor while producing the goods. A product must be of higher quality to remain in the competition and exist in the market. To explain : Four types of costs are summarized in the quality cost report and how companies generally seek to lower their cost of quality.

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Chapter 12, Problem 2Q

To determine

Product quality costs refer to the cost associated with the quality of design and quality of conformance; this is the major key factor while producing the goods. A product must be of higher quality to remain in the competition and exist in the market.

To explain:

Four types of costs are summarized in the quality cost report and how companies generally seek to lower their cost of quality.

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