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Strategic Management
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TQM is a strategy that is designed to change the quality of a product to satisfy customer needs by using the concept of _________:

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Correct Answer: Option A
TQM is a strategy that is designed to change the quality of a product to satisfy customer needs by using the concept of benchmarking. Benchmarking, is a tool of strategic management, that allows the organization to set goals and measure productivity, on the basis of the best industry practices. It is a practice in which quality level is used as a point of reference to evaluate things by making a comparison.
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