One of the Most Important Contributors to Total Quality Management

question 110

Multiple Choice

One of the most important contributors to total quality management has been the introduction of statistical tools to analyze the causes of product defects in an approach called ____.

• A)six sigma quality
• B)concurrent engineering
• C)value chain management
• D)computer-integrated manufacturing
• E)kanban

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.

Perfectly Inelastic

Refers to a scenario in which the amount demanded or supplied shows no reaction whatsoever to changes in price.

Total Revenue

The total amount of money earned by a business from the sale of its goods and services.

Price-elastic

Refers to the responsiveness of demand or supply to changes in price, with high elasticity indicating significant response to price changes.