Definitions
There is 1 meaning of the phrase
External Failure Cost.
External Failure Cost - as a noun
The costs that arise from defects that actually reach customers.
Example Sentences
"The company incurred a significant external failure cost due to a product recall."
"Quality control issues resulted in high external failure costs for the manufacturing plant."
"The company's reputation was damaged, leading to substantial external failure costs."
"The external failure cost of a defective software release can include support and replacement expenses."
"The external failure cost of a safety incident could involve lawsuit settlements and compensation to affected individuals."
