TQM Focuses on

question 16

Multiple Choice

TQM focuses on

• A) profit
• B) guest's needs
• C) error prevention
• D) error detection

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Definitions:

Price of X

The monetary value or cost assigned to a good or service, labeled as "X" as a placeholder for any specific item.

Price of Y

The market cost or value assigned to a good or service denoted by 'Y', influenced by factors such as supply, demand, and competition.

Money

An officially issued legal tender generally accepted as a medium of exchange, a unit of account, and a store of value.

Price of X

Denotes the amount of money required to purchase a specific good or service dubbed "X".