Here are four statements that discuss new managerial approaches - TQM, full kit and target costing:

1. Quality management including TQM is the development of a Just in time approach that advocates, among other things, the demand and aspiration for proper production immediately in the first execution and the reduction of the "garbage plant".

2. According to the principle of the complete kit, it is possible to start the production before the organization holds in its hands the complete kit needed to create, with all its components, in order not to delay the production process.

3. At target cost, in the Western approach, the organization sets for the various units in which the high standards are achievable standards.

4. Target pricing is used in short-term decision-making only.

Which of the above statements is true?

One answer must be chosen:

Just say 1.

Only statements 1, 2 and 3.

Just say 2 and 4.

All the sayings

Only statements 1, 3 and

Answer rating: 100% (QA)

Total Quality Management TQM is a management framework based on the belief that an organization can build longterm success by having all its members f... View the full answer