TOTAL QUALITY MANAGEMENT Definition

Bookmark and Share

TOTAL QUALITY MANAGEMENT (TQM) is a structured system for satisfying internal and external customers and suppliers by integrating the business environment, continuous improvement, and breakthroughs with development, improvement, and maintenance cycles while changing organizational culture.

Learn new Accounting Terms

PROGRESSIVE TAX is an income tax system to where the more income that is made the higher the tax percentage that must be paid.

CAPITAL EMPLOYED is the value of the assets that contribute to a companys ability to generate revenue, i.e., fixed assets plus current assets minus current liabilities.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.