JIT, TQM, ABM, and TOC All Make a Contribution to Continuous

question 29

True/False

JIT, TQM, ABM, and TOC all make a contribution to continuous improvement and are applicable in service businesses as well as in manufacturing and retail businesses.

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Definitions:

Scanty

Lacking in amount, quantity, or sufficiency; minimal or insufficient in size, quantity, or degree.

Reverse

To change to the opposite direction, position, or course of action.

Long-Standing Business Relationship

A business relationship characterized by a prolonged period of association and mutual dealings between parties.

Mediation

A method of dispute resolution where a neutral third party, the mediator, helps the disputing parties to reach a mutually acceptable agreement.