A Significant Aspect of Total Quality Management Is Catering to the Customers

question 34

True/False

A significant aspect of total quality management is catering to the customers' needs and desires.

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Definitions:

Revenue

Revenue is the total amount of money received by a company for goods sold or services provided during a certain period of time, before any expenses are deducted.

Expenditures

The total amount of money spent by a household or country on consumption and services.

Diagram

A graphical representation of information or data, typically used to visualize complex relationships or processes.

Consumer Expenditures

The total amount of money spent by consumers on goods and services in a given period.