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What is cost of quality? Describe the total quality cost. Company A spends $ 5 0 , 0 0 0 on quality on inspection and

What is cost of quality? Describe the total quality cost. Company A spends $

50, 000

on quality on inspection and receive $

60, 000

as complaint. Company B spends $

10, 000

on quality inspection and receive $

200, 000

as quality claim. Both companies make

100, 000

unit of products. Calculate quality cost for each of them and comment on which on you prefer and why?

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