Explain what preventive cost is and articulate why it is important.

Question

Question

Answer 1

Answer #1

Preventive costs are element of cost of quality incurred to minimize and prevent the number of defects in products and services.

It is cheaper to incur preventive costs than to bear losses for defective equipments and machines.

Preventive costs can be incured on statistical process control, quality engineering, staff training and various quality management tools.

Answer 2

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