Examlex
A distinguishing feature of the total quality management approach is
Variable Costs
Variable costs are expenses that change in proportion to the activity or production level of a business.
Fixed Costs
Expenses that do not fluctuate with the level of goods or services produced by the business.
Net Income
The total earnings of a person or organization after subtracting all expenses and taxes.
Variable Costs
Costs that change in proportion to the level of activity or volume of production in a company.
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