The gradual and ongoing improvement of products and processes while reducing costs is known as
A) TQM.
B) process mapping.
C) kaizen.
D) benchmarking.
C
You might also like to view...
Once a business is set up using the modified cash basis of accounting, it is not possible to convert it over to another basis of accounting
Indicate whether the statement is true or false
In proposing a ________ strategy, the marketing manager usually is convinced that a strong price-quality relationship exists for the product.
A. penetration pricing B. price skimming C. target ROI D. competitor-based pricing E. value pricing
Through product innovation, a company changes the products or services it offers, and through ________ innovation it changes the way it delivers products or services.
a. Cultural b. Process c. Change d. Creative
Certified Public Accountants are licensed professional accountants who serve the general public
Indicate whether the statement is true or false