Examlex
Discuss the seven categories of the Malcolm Baldrige National Quality Award.
Product Innovation
The development of new or significantly improved goods or services to meet consumer needs or market demands.
Functionality
The range of operations that can be performed by a product, system, or service, especially according to user requirements and needs.
Strategic Positioning
The process of establishing and maintaining a sustainable competitive advantage in the market.
Low-Cost Approach
A business or operational strategy focusing on minimizing costs while maintaining quality and efficiency, often to achieve a competitive advantage.
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