What type of cost are product recalls?
A)external failure cost
B)internal failure cost
C)appraisal cost
D)prevention cost

Name: What type of cost are product recalls? A)external failure cost B)internal failure cost C)appraisal cost D)prevention cost
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Product recalls are considered external failure costs as they occur when defective products reach the market and must be recalled, resulting in expenses such as customer refunds, legal fees, damage to brand reputation, and potential lawsuits.

What Type of Cost Are Product Recalls