According to the TQM Strategy, What Should Be a Company's

question 23

Multiple Choice

According to the TQM strategy, what should be a company's primary goal?

• A) customer focus and satisfaction
• B) continuous improvement
• C) teamwork
• D) participative management
• E) reciprocity

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Definitions:

Base Year

A specific year against which economic growth is measured, serving as a standard or benchmark.

Nominal GDP

The market value of all final goods and services produced within a country in a year, measured using current prices.

Real GDP

The value of all goods and services produced within a country adjusted for inflation or deflation.

Base Year

A specific year against which economic growth is measured by comparing other years to it in terms of prices, outputs, or employment.