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What is structural adjustment program and what are some of the criticisms against it?
Average Total Cost
The sum of all production costs (both fixed and variable) divided by the amount of product made.
ISO Quality Standards
A series of frameworks and guidelines established by the International Organization for Standardization to help companies ensure their products and services meet customer and regulatory requirements.
Total Quality Management
An extensive management approach focused on continuously improving the quality of products and services to achieve customer satisfaction.
Regulatory Standards
Established rules and specifications issued by regulatory agencies that businesses must comply with to ensure safety, quality, and fairness.
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