TOTAL QUALITY MANAGEMENT Definition

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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

PERPETRATE is to carry out an action, e.g., a crime.

CALL OPTION is the right to buy a security within a fixed period of time at a fixed price.

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