What Is the Business Importance of Managing the Quality of Business

question 64

Essay

What is the business importance of managing the quality of business processes? Describe two methods of quality management.

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Definitions:

Materially Vary

To change in a significant and substantial way, which can affect the outcome or nature of a contract or agreement.

Personal Skill

The ability or expertise that an individual has acquired through training or experience.

Insurance Policy

A contract between an individual or entity and an insurance company, outlining the terms for the payment of claims in the event of loss.

Benefits Payment

refers to the disbursement of funds from government or insurance programs to individuals who qualify for various types of financial assistance, such as unemployment, disability, or health insurance.