Total Quality Management Is a Business Strategy That Emphasizes Market-Driven

question 23

True/False

Total quality management is a business strategy that emphasizes market-driven quality as a top priority.

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Definitions:

Prices Paid

The sum of money spent by consumers to purchase products or services.

Prices Received

refers to the amount of money that sellers receive for their goods or services in the market.

Parity Ratio

A ratio used to compare the value of one thing to another, such as the price of a commodity to the price of a set of other goods or incomes.

Prices Received

The amount of money sellers actually receive for the goods or services they sell, after discounts, allowances, and deductions.