Examlex
List the three principles of total quality and why they are important.
Opportunity Costs
The advantages forgone by selecting one option instead of another.
Fixed Cost
Costs that do not vary with the level of production or sales, such as rent or salaries.
Indirect Costs
Costs that are not directly traceable to a specific product or activity, such as overhead and administrative expenses.
General Electric
General Electric is a multinational conglomerate corporation operating in sectors like aviation, power, renewable energy, and healthcare.
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