Discretionary Income Is the Amount of Money People Have to Spend

question 103

True/False

Discretionary income is the amount of money people have to spend on buying necessities such as food, clothing, and housing.

---

Definitions:

Quality System

A structured framework for managing and improving all aspects of an organization's operations, ensuring consistency, efficiency, and satisfaction.

Customer Expectations

The set of assumptions, desires, and needs that a customer has regarding a product or service.

Deming's 14 Points

A set of management practices proposed by W. Edwards Deming to improve quality, productivity, and competitive position by fostering a culture of continuous improvement.

Numeric Quotas

Fixed quantities or targets often set for production, sales, or other operational activities, used to measure performance or compliance.