____________________ Consist of Emergencies Where Life or Limb Is Not

question 24

Short Answer

____________________ consist of emergencies where life or limb is not threatened.

Understand the importance of meeting various international and regulatory standards for global economic competition.

Recognize the principles and processes of continuous improvement in organizational contexts.

Describe the characteristics, objectives, and benefits of total quality management (TQM).

Identify the role of customer relationship management (CRM) in enhancing organizational communication and understanding customer needs.

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Definitions:

Goods

Tangible products that are manufactured, bought, or sold, fulfilling the needs or desires of consumers.

Choices

The act of selecting between two or more possibilities or options in a decision-making process.

Rationing

Allocating a limited supply of a good or resource among people who would like to have more of it. When price performs the rationing function, the good or resource is allocated to those willing to give up the most “other things” in order to get it.

Scarcity

The essential economic dilemma revolves around the vastness of human aspirations contrasted with the limitations of available resources.