The Cost of Implementing a Total Quality Management Programme Normally

question 62

True/False

The cost of implementing a total quality management programme normally results in lower returns on sales and investments.

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Definitions:

Supply Chain

A global network of organizations and activities that supplies a firm with goods and services.

Disaster Risk

The potential loss or damage that may result from interactions between natural or human-induced hazards and vulnerable conditions.

Number of Suppliers

Refers to the total count of distinct suppliers that a company uses or maintains relationships with for procuring goods or services.

Unique-Event Risk

Risk associated with a specific and non-recurring event that can affect the outcome of a project or investment.