List Some of the Contrasting Features Between Total Quality Management

question 8

Essay

List some of the contrasting features between total quality management (TQM) and six sigma.

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Definitions:

Operating Assets

Assets utilized in the daily operations of a business to generate revenue, such as equipment, machinery, and buildings.

Minimum Required Rate of Return

The lowest acceptable return on an investment, determined by the investor's objectives, risks, and opportunities.

Division's Margin

The difference between the sales generated by a division and its direct costs, used to evaluate the profitability of the division.

Division's Turnover

The total sales or revenue generated by a specific department or division within a company during a given period.