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Timothy Is in Preschool

question 14

Multiple Choice

Timothy is in preschool. When asked to describe himself, he will probably

Comprehend the role and methodologies of customer relationship management (CRM) in enhancing business performance.
Grasp the concept of Total Quality Management (TQM) and its impact on organizational excellence.
Identify the process and importance of statistical quality control in business.
Distinguish the principles of process reengineering and its impact on organizational competitiveness.

Definitions:

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and ultimately to the end consumer.

Responsive

The capacity to quickly and effectively adjust to new conditions or changes.

Supply Chain

The interconnected network of individuals, organizations, resources, activities, and technologies involved in the manufacture and sale of a product or service, from the delivery of raw materials to the end user.

Marketing Strategy

A plan of action designed by an organization or individual business to promote and sell its products or services.

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