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In Response to Pressure for More Government Openness and Disclosure

question 40

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In response to pressure for more government openness and disclosure, Congress passed the Government Performance and Results Act in 1997.


Definitions:

Customer Satisfaction

An evaluation of the extent to which a company’s products or services exceed or satisfy the anticipations of its customers.

Order Cycle Time

The total time from when a customer places an order until the product is delivered, encompassing processing, production, and shipping stages.

Fill Rate

The percentage of customer or production orders satisfied from stock at hand, a key performance metric in inventory management.

Customer Relationship Management

A strategy for managing a company's interactions with current and future customers, utilizing data analysis about customers' history with a company to improve business relationships.

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