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BM ll 103
LAP QM-001 Nature of Quality Management
| Term | Definition |
|---|---|
| appraisal costs | the costs associated with inspecting and catching deflective products quickly as possible |
| assurance | the confidence customers have that a service provider is trustworthy and knowledgeable |
| conformance | compliance with standards |
| defective | not conforming to predetermined standards |
| durability | the measure of how long a product lasts |
| empathy | the ability to put yourself in another persons shoes |
| excellence | usefulness and good performance |
| external failure costs | the costs associated with defective products reaching customers |
| Globalization | the rapid and unimpeded flow of capital labor and ideas across national borders |
| internal failure costs | the costs associated |