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Naddika [18.5K]
3 years ago
15

Evaluate the impact that the 5 Total Quality Management (TQM) elements have on Woolworths, as a large company.​

Business
1 answer:
ki77a [65]3 years ago
5 0

The main impact that the 5 Total Quality Management have on Woolworths is that it helps quality assurance for customers.

<h3>What is the Total Quality Management?</h3>

This is a management system that is assert that all staff must be committed to maintaining high standards of work in every aspect of a company's operations.

The five concept of Total Quality Management includes:

  • Produce quality work the first time
  • Focus on the customer
  • Have a strategic approach to improvement
  • Improve continuously
  • Encourage mutual respect and teamwork.

Read more about Total Quality Management

<em>brainly.com/question/23443069</em>

#SPJ1

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Which is not one of the four major characteristics associated with a growing entrepreneurial firm?
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5 0
2 years ago
A long term care facility purchases at least 85% of its food and supplies from one distributor. this is an example of which type
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<span>This long term care facility purchases at least 85% of its food and supplies from one distributor and it’s an example of prime vending. A prime vending is a type of purchasing that has gained acceptance and popularity among restaurant and non-commercial buyers. It is also a service which people or the workers do.</span>

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3 years ago
A nominal interest rate is defined as "the opportunity cost of holding or using money." explain what you understand this definit
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8 0
3 years ago
You believe you will spend $240,000 a year for 25 years once you retire in 17 years. If the interest rate is 3.90% per year. (Do
AleksandrR [38]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the money required at the time of retirement:</u>

FV= 240,000*25= $6,000,000

<u>Now, using the following formula, we can determine the annual investment:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (6,000,000*0.039) / {[(1.039^17) - 1]

A= $255,373.88

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3 years ago
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