Examlex
What are the four potential gaps in the Service Gaps Model? What is the model designed to do?
Value Analysis
A systematic assessment to reduce costs while maintaining or improving performance and quality in products or processes.
Reasonable Profit
A profit margin that is considered fair and acceptable, taking into account the costs of goods sold, operating expenses, and market standards.
Proper Quality
The condition of a product or service meeting the expected and required standards, often to satisfy customer needs or comply with regulations.
Continuous Supply
A method of inventory management that ensures a constant availability of necessary materials or products.
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