The effect of Corona virus on increasing the costs of failure

The effect of Corona virus on increasing the costs of failure

Authors

  • Raghad Hashim Jasim Al-Mustansiriyah university

DOI:

https://doi.org/10.55270/ijebs.v3i4.10

Keywords:

virus, corona, failure costs, quality costs.

Abstract

The research aims to shed light on the costs of failure (internal and external) and in a particular the costs of external failure, which are among the most dangerous types of costs and whose rise contributes to high quality costs in general, that leads to higher costs of the product and thus an increase in its market price, in a way that makes the company lose its current and future customers. The Corona virus outbreak caused a problem in the production process, besides, the marketing process of companies in different sectors in a manner that led to an increase in failure costs in general as a result of companies ’failure to produce products on time and their failure to deliver products to customers on time. As one of the most important findings of the research is that companies' inability to meet the needs of customers has led to higher costs of failure, especially the costs of external failure, which are among the most dangerous types of costs being related to the company's reputation and position in the market. 

Published

2022-12-21

How to Cite

Jasim, R. H. (2022). The effect of Corona virus on increasing the costs of failure: The effect of Corona virus on increasing the costs of failure. Ishtar Journal of Economics and Business Studies, 3(4). https://doi.org/10.55270/ijebs.v3i4.10

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