The Philosophy That One Should Do the Right Thing the First

question 73

True/False

The philosophy that one should do the right thing the first time is better known as TQM or TQP.

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Definitions:

Feasibility

The measure of how viable or possible it is to achieve a proposed project or plan, often assessed in terms of cost, time, resources, and technology.

Value Proposition

The unique value a product or service offers to customers, distinguishing it from competitors.

Revenue Streams

Different sources or methods through which a business generates income from its activities or assets.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage.