Examlex
What is the purpose of market segmentation? How are markets typically segmented? Can a company segment its market on more than one dimension?
Quality Circle
A small group of employees who work voluntarily on company time, typically one hour per week, to address work-related problems such as quality control, cost reduction, production planning and techniques, and even product design.
Quality Control
The process of ensuring products and services meet consumer expectations and regulatory requirements through consistent monitoring and evaluation.
Production Planning
The process of aligning demand with manufacturing capacity to create production and procurement schedules for finished products and component materials.
Groupthink
A psychological phenomenon where the desire for group consensus overrides people's ability to make sound decisions, often leading to flawed outcomes.
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