The General Rule in Business Is That No Single Customer

question 23

Multiple Choice

The general rule in business is that no single customer should ever represent more than ________ of the facility's total revenue.

• A) 10%
• B) 25%
• C) 30%
• D) 60%

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Definitions:

Time And Motion Studies

Analytical techniques used to evaluate the efficiency of a worker's performance by breaking down tasks into their components.

Fordism

denotes a system of industrial production characterized by mass production and high wages, standardized products, and assembly-line methods, originating from Henry Ford's practices.

Total Quality Management

A comprehensive management approach focusing on continuous improvement in all aspects of a business, aiming to ensure high quality in products or services.

Job Control Unionism

A unionism approach focused on managing aspects of work such as hiring, promotions, layoffs, and work rules through collective bargaining.