Examlex
To whom does TQM typically give the authority and responsibility to make and implement decisions intended to improve product quality?
Output
The amount of goods or services produced by a person, machine, factory, or company within a certain period.
Demand Schedule
A diagram indicating the volume of goods or services that consumers can and will buy at assorted prices.
Marginal Cost
The investment needed to make an extra unit of a good or service.
Average Cost
A measure of the total cost of production divided by the number of units produced, used to calculate the cost per unit.
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