Examlex
A central theme of total quality management (TQM) is customer satisfaction.
Short Run
A period in economics where at least one factor of production is fixed and cannot be changed.
Purely Competitive
A market structure characterized by many sellers offering identical products with no single seller able to influence the market price.
Total Revenue
The total amount of money a firm receives from sales of its products or services before any expenses are subtracted.
Quantity Sold
The total number of units of a product or service that have been purchased by consumers during a specific period.
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