Examlex
Ford recently mandated higher quality standards for all of the parts that it buys from suppliers.This is an example of which major component of a total quality management strategy?
Demand
The inclination and capability of buyers to acquire products and services at specified prices.
Increase
An upward movement in quantity, size, number, value, or intensity of a particular variable.
Market Demand
The total quantity of a product or service that all consumers in a market are willing and able to buy at various prices, given a period of time.
Related Goods
Products or services that are either complements or substitutes to one another, affecting each other's demand and supply.
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