The Idea That Continuous Improvement of the Organization's Services to Customers

question 49

Short Answer

The idea that continuous improvement of the organization's services to customers is the job of everyone who works in the organization is an important aspect of ____________________.

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Definitions:

Total Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.

Marginal Revenue

The additional revenue that a company receives from selling one more unit of a good or service.

Downward-Sloping Demand

A common economic principle where the quantity demanded of a good or service decreases as its price increases.

Quantity Tax

A tax that is levied on the quantity of a good produced or sold, rather than its price.