Examlex
One objective of TQM is better,less variable quality of the product and service.
Variable Costs
Expenses that vary directly with the level of production or output, such as materials and labor costs.
Fixed Costs
Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and loan payments.
Never-ending Process
A continuous, unending cycle or series of activities, often related to improvement, innovation, or development within a business context.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance costs.
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