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BM2 obj 103
Term | Definition |
---|---|
appraisal costs | the costs associated with inspecting and catching defective products as 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 with catching defective products before the reach customers |
methodology | a set of principles or guidelines |
prevention costs | the costs associated with planning and implementing quality so that defective products aren't created |
quality | the evaluation of a product based on excellence, value, conformance to specifications, and customer satisfaction |
quality assurance | a process business use to prevent defective products from being created, not just eliminate or correct them after they've been produced |
quality control | a process business used to check for defects after products have been produced; also called quality inspection |
quality improvement | a business ongoing commitment and willingness to make changes for the purpose of maintaining quality |
quality management | the ongoing process of planning, implementing, and integrating quality into every aspect of an organization |
reliability | the measure of how well a product performs its purpose without breaking down |
responsiveness | the level of promptness and willingness with which a service is provided |
serviceability | the measure of how easy a product is to fix and maintain |
six sigma | a popular quality-management methodology that relives on a five step approach to improve any business process |
tangibles | in quality management, refers to the environment in which a service is performed |
value | in quality management, refers to a customers opinion on whether or not the product is worth the price |