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Please rephrase- Prevention cost of the company is higher in comparison to failure cost and appraisal cost. The strategies for reducing the prevention cost are given as follows: Higher cost is spent on the corporate process engineering shows more defect and imperfection in the finished products. It may be reduced by generalized and quality plan. The appraisal cost and failure cost spent by the company is reasonable. Prevention cost of the firm could be reduced by a strategic plan. Thus, the above strategies could reduce the total failure cost of the company.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92505359

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