Answer:
<u>Centralized decision making authority</u>
Explanation:
The concept of total quality management was proposed by Edwards Deming who laid immense emphasis upon improvement of product quality and providing highest value to the customers.
The concept aims at providing high quality goods, effective after sales services, driven by the objective of providing highest level of possible satisfaction to the customers.
TQM includes benchmarking which means creating standards or benchmarks against which actual performance shall be evaluated.
It includes continuous improvement in products and services as this being one of it's objectives.
The concept does not incorporate centralized decision making which refers to decisions being taken only by the top management with subordinates having negligible say. Such decision making would increase the time and hence reduce efficiency.
BST stands for behavior skills training, which is u<span>sed to teach new behaviors and</span><span> with learners who </span>can<span> follow instructions and imitate </span>models.<span>
In BST, modeling will have the greatest influence if it occurs i</span>n the context of a role play that simulates the real situation and in conjunction with instructions that describe the desirable behavior.
A shortage will develop when the market price is below the equilibrium price.
In economics, the equilibrium price is when the quantity of goods supplied are equal to the quantity of goods demanded. There's a shortage when the price is below because there is not enough goods to supply what is demanded of the product.
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Answer:
B) Market Research
Explanation:
Market research involves gathering both primary and secondary data. Collecting both company and interested parties information is an essential element in financial analysis since it makes you a more informed decision-maker and therefore more likely to make rational and wise decisions.