Examlex
The implementation of total quality management involves the use of many techniques such as quality circles, benchmarking, Six Sigma principles, reduced cycle time, and continuous improvement.
Subjective Criteria
Decision-making factors based on personal preferences, opinions, or judgments rather than on objective data.
Purchase Decision
The final stage in the buying process where a consumer chooses to buy a specific product or service after considering various alternatives.
Gross Domestic Product
The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period, serving as a comprehensive indicator of a country's economic performance.
Service Sector
A segment of the economy that involves providing intangible goods like services and experiences rather than physical products.
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