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| Author: | Wang, Ruiguang |
| Title: | Quality cost and economic returns (original in Chinese) |
| Journal: | Technoeconomics and Management Research (c)
1998 : 4, p.33 |
| Index terms: | QUALITY COSTS COST EFFECTIVENESS |
| Language: | chn |
| Abstract: | Enterprises must improve the quality of their products and reduce the cost of products if they want to increase their economic returns. Quality cost management, however, is an effective means for reducing the cost of products and increasing economic returns. Quality cost is the production cost which is required for making the quality of enterprises products fulfil quality requirements, a component part of the cost of products and an important indicator reflecting an enterprise's technological level and operation and management level as well. The best quality cost is the quality cost with minimum cost payout and maximum economic returns. |
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