The Success of Japanese Total Quality Management

question 21

Multiple Choice

The success of Japanese Total Quality Management

• A)shows that it is possible to pursue cost leadership and differentiation strategies simultaneously.
• B)refutes the perceived trade-off between low cost products and high quality products.
• C)has made porter's analysis outdated.
• D)b and c.

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Definitions:

Manufacturer's Branch

A local office or division of a manufacturing company responsible for distributing its products in a specific geographical area.

Wholesaling Activities

Encompasses the operations involved in selling goods or merchandise to retailers, other merchants, or industrial, commercial, and institutional users, but not to consumers directly.

Producer

An entity or individual that creates goods or services, ranging from physical products to digital or intellectual properties.

Conventional Brokers

Intermediaries that facilitate transactions between buyers and sellers within traditional markets.