Examlex
Which of the following is an example of a consumer product that serves universal needs?
Continuous Improvement
A continuous endeavor to enhance products, services, or processes by making both small and significant improvements.
World-class
A term used to describe products, services, processes, or operations that are considered to be among the best in the world.
Market Leadership
A position achieved by a company when it becomes the top seller of a product or service within its industry or market.
Performance Gap
The difference between the actual performance of an organization and its desired or planned performance, often used to identify areas for improvement.
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