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Glite Dictionary
failure cost

failure cost

5.7
Money a company loses when faulty products or services cause problems for customers and the company
  • noun
  • Specialized
translation icon : costo de fallo
  • The company invested heavily in quality control to reduce failure costs in their manufacturing process.

How much would a massive failure cost Netflix?

Examples

  • Regular staff training aims to lower failure costs by minimizing errors in service delivery.

  • The failure cost of the project was significant.

  • High failure costs can damage a brand's reputation if defective products reach customers.

  • We need to analyze the failure costs associated with this product.

  • The company faced significant failure cost after the product recall due to safety issues.

  • Investing in better quality control processes can help reduce the failure cost associated with defective goods.

  • After the software update caused numerous glitches, the failure cost was estimated to be over $1 million in lost sales.

How Costly

external failure cost
  • Specialized
6.5
failure cost
  • Specialized
5.7
internal failure cost
  • Specialized
5.9

Surface Forms

failure cost singular
failure costs plural

Morphology

failure + cost

The noun–noun phrase 'failure cost' straightforwardly denotes the cost associated with a failure; a B1 learner who knows 'failure' and 'cost' can infer this meaning. Although used in technical/quality-management contexts, the composition is literal and follows common cross-linguistic patterns, making it immediately comprehensible from its parts.

Etymology

The term failure cost comes from a simple image: a broken part or poor service, called failure, that creates extra bills or repairs, called cost. So, failure cost means the 'money lost' when products or services go wrong and need fixing or cause customer problems.