Examlex
Select the correct statement about absorption.
TQM
Total Quality Management, a management approach focused on continuous improvement in all aspects of an organization, emphasizing quality in every operation.
Reengineering
involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times, and quality.
Incremental Improvements
Small, gradual changes or enhancements made to a process, product, or service to improve efficiency, quality, or performance.
Consortium
A group of companies, universities, or other organizations that collaborate on a common project or share resources to achieve a common goal.
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