cost of rework
What cost of rework means in Business A-Level, as defined for AQA.
Definition of cost of rework
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Reference: AQA
Money the firm has already spent and thrown away, removed on the cost side when quality improves, alongside scrap, returns and warranty work.
Topics that use cost of rework
Related terms
- continuous improvement
- cost of quality
- fitness for purpose
- internal and external failure costs
- prevention versus detection
- price elasticity of demand
- product recall
- return on quality spending
Using cost of rework in the exam
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