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This Theory Follows That Maximum Gain on a Worldwide Basis

question 80

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This theory follows that maximum gain on a worldwide basis will be realized if there are no impediments to trade,if there is free competition in pricing,and if capital flows are unrestricted.


Definitions:

Armand Feigenbaum

An American engineer and quality expert who developed the concept of Total Quality Control.

Joseph M. Juran

A key figure in the field of quality management, known for his work on quality control and planning, quality improvement, and the Juran Trilogy.

Total Quality Management

A management approach to long-term success through customer satisfaction, where all members of an organization participate in improving processes, products, services, and culture.

Quality Control Staff

Personnel responsible for monitoring and inspecting products or services to ensure they meet predefined quality standards and identifying areas for quality improvement.

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