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3 years ago

TQM is a comprehensive approach dedicated to continuous:_____.

Business

1 answer:

bezimeni [28]3 years ago

6 0

Answer:

a. quality improvement, training, and customer satisfaction.

Explanation:

The full form of TQM is 'Total Quality Management'. It is defined as a management approach for a long term success that is achieve by the customer satisfaction. The main focus of the TQM process is to improve the quality of the output of the organization by improving the services of the organization, their products, processes and the work culture to provide customer satisfaction. It is dedicated in improving the quality, provide training and achieve customer satisfaction.

You might be interested in

A key determinant of the price elasticity of supply is the

alina1380 [7]

Answer:

The ability of sellers to change the amount of the good they produce.

Explanation:

Price elasticity of supply: It is an economic measure to check the responsiveness of quantity supplied to the change of price. As per the law of supply, the supply of quantity increases with the increase in the price of goods and services and vice versa. The numerical value of elasticity indicates how is the response of quantity supplied to the price of the product. As zero indicates no response to the change in price and 1 indicate a higher response to the price of the product.

The key determinant of the price elasticity of supply is how well the seller is able to change the quantity supplied as per the price in the market.

8 0

3 years ago

To succeed in predicting a competitor's next moves, company strategists need to appraise a rival's a. current strategy, financia

Neporo4naja [7]

Answer:

The answer is a. current strategy, financial health, market share, resources and capabilities.

Explanation:

In other options we see answers like Assumptions, driving forces and objectives. These are needed if we need to get an idea about the competitors culture, functioning and operations and are often related with the long term understanding of the competitors.

Here we are looking at the next move, or the short term identification. To do that, you need the above elements.

4 0

3 years ago

Planning and Writing Persuasive Requests In a business environment, persuasion is critical to success. Persuasion is necessary w

Fittoniya [83]

Answer:

All of these alternatives are correct:

C. Explains logically and concisely the purpose of the request

D. Establishes credibility.

E. Proves the merits of your proposal

Explanation:

A persuasive request in a work environment can often occur, as this is a communication technique used when you want to convey a message in order to convince others to take specific actions.

Knowing how to develop a persuasive speech is essential for an effective leader, who can influence his subordinates through communication that retains attention, reduces resistance, creates interest and motivation.

For a persuasive message to be effective it must be developed through polite and professional writing, whose objectives are explicit and the reasons for the request are logical and demonstrate credibility. It is necessary to add to the persuasive message elements that justify the proposal and generate feelings of identification, emotion and reason, to create interest and to be able to persuade the audience and achieve the objectives.

7 0

3 years ago

Suppose that there are two goods, X and Y, that are competing for dominance in a market with network externalities. Furthermore,

a_sh-v [17]

Suppose that there are two goods, X and Y, that are competing for dominance in a market with network externalities. Furthermore, suppose that the market has chosen good X even though it is inferior to good Y and that the net benefits of switching from X to Y are $20 while the costs of switching are $30. If the market stays with good X, then __________________ has occurred. If the costs of switching were to fall to $15 and the market still stays with good X then ___________________________.

A) No market failure; market failure has occurred.

B) Market failure; no market failure has occurred.

C) No market failure; there will still be no market failure.

D) Market failure; there will still be market failure.

Answer:

The correct answer is A)

Suppose that there are two goods, X and Y, that are competing for dominance in a market with network externalities. Furthermore, suppose that the market has chosen good X even though it is inferior to good Y and that the net benefits of switching from X to Y are $20 while the costs of switching are $30. If the market stays with good X, then No Market Failure has occurred. If the costs of switching were to fall to $15 and the market still stays with good X then Occurred

Explanation:

Market failure is the economic situation defined by an inefficient distribution of goods and services in the free market.

Reasons for market failure include: positive and negative externalities, environmental concerns, lack of public goods, under provision of merit goods, over provision of demerit goods, and abuse of monopoly power.

In the question above, we see that at first there is a substandard good but people stick to it because it cost much more to switch than to enjoy the utility derivable from the good. This is logical. So there the forces of the market (price, demand and supply) are functional by themselves.

On the other hand, the cost of switching falls below the value of the benefit derivable. Logically, because it is an inferior good, people ought to switch because there is a better alternative. However because the market stays same, it means that the forces have failed to adjust accordingly.

Cheers!

5 0

4 years ago

Statement of retained earnings Hayes Enterprises began 2015 with a retained earnings balance of $928,000. During 2015, the fir

valina [46]

Answer and Explanation:

The preparation and computation are shown below:

Hayes Enterprises

Statement of Retained Earnings December 31, 2015

Particulars Amount $ Amount $

beginning Balance 928,000

Add:

Earning during

the year 377,000

1,305,000

Less: Dividend

paid to

Preferred Stockholders 47,000 1,258,000

Less: Dividend

paid on

common Stock 210,000

Closing balance 1,048,000

b) Earning per share is

= Earning ÷ No. of Common Stock

= ($377000 - $47000) ÷ 140000

= $2.36 per share

And,

c) Cash dividend per share is

= $210,000 ÷ 140,000

= $1.50

8 0

3 years ago