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According to the efficiency wage model,during a recession,firms will not reduce real wages because
ISO Quality Standards
A series of frameworks and guidelines established by the International Organization for Standardization to help companies ensure their products and services meet customer and regulatory requirements.
Total Quality Management
An extensive management approach focused on continuously improving the quality of products and services to achieve customer satisfaction.
Regulatory Standards
Established rules and specifications issued by regulatory agencies that businesses must comply with to ensure safety, quality, and fairness.
Continuous Improvement
A continuous attempt to improve products, services, or processes by making small and significant advancements.
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