Examlex
What action steps can managers take to realize full value from TQM or Six Sigma initiatives and promote a culture of operating excellence?
Inflation Rate
The percentage rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.
Price Index
A statistical measure that shows changes in the average price level of a selected basket of goods and services over time.
Real Gross Domestic Product
The total value of all goods and services produced within a country in a specific period, adjusted for inflation, indicating the actual growth of an economy.
Intrinsic Value
The actual, fundamental value of an asset, irrespective of its market value, determined through objective calculation or estimation.
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