The Two Primary Principles of Total Quality Management (TQM)are

question 194

Multiple Choice

The two primary principles of total quality management (TQM) are:

• A) focusing on delivering customer value and focusing on managing processes rather than people.
• B) focusing on managing processes rather than people and working in teams to execute processes efficiently and effectively.
• C) focusing on delivering customer value and continually improving the system and its processes.
• D) focusing on managing processes rather than people and continually improving the system and its processes.

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Definitions:

Supply Curve

A graphical representation that illustrates the amount of product businesses are willing to produce and sell at different price points.

Decrease in Supply

A situation where the quantity of a good that producers are willing and able to sell at a given price level falls, often due to factors like increased production costs or natural disasters.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of the good that producers are willing to sell at different prices.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specified period.