The Plan-Do-Study-Act Cycle Is Often Called the

question 84

Multiple Choice

The plan-do-study-act cycle is often called the

• A) TQM activity approach
• B) Deming wheel
• C) Continuous improvement cycle
• D) Quality circle
• E) Action wheel

---

Definitions:

Decrease Retailer Prices

The activity of reducing the cost at which goods or services are sold by retail outlets to the consumer market.

Vertical Contracts

Agreements between firms at different levels of the supply chain, such as between a manufacturer and a retailer, aimed at controlling the conditions of sale or establishing terms of collaboration.

Consumers

Individuals or organizations that use economic services or goods, playing a central role in economic systems as the end-users of products.

Promotional Activities

Marketing efforts aimed at increasing awareness, sales, and interest in a product or service through various strategies and channels.