________ Is the Continuous Process of Involving All Organization Members

question 17

Multiple Choice

________ is the continuous process of involving all organization members in ensuring that every activity related to the production of goods or services has an appropriate role in establishing product quality.

• A)Customer relationship management
• B)Enterprise resource planning
• C)Supply chain management
• D)Total quality management
• E)Warehouse management

---

Definitions:

Estimating Demand

The process of forecasting the potential market demand for a product or service based on various factors like market trends, consumer behavior, and historical data.

Price-Setting Process

The approach or methods used by businesses to determine the selling price of their products or services, taking into account costs, demand, and competitive prices.

Market Segmentation

The practice of segregating a market into unique segments of consumers with diverse needs, attributes, or actions who may need different products or marketing tactics.

Cost-Volume-Profit

An accounting method used to determine the effects of changes in costs and volume on a company's profits.