1. A philosophy designed to integrate all organizational areas in order to provide customers with superior products and services while meeting organizational objectives. Requires improving quality and eliminating defects and waste. a. ERP b. JIT c. E-commerce 2. Use of the Internet for business functions such as sales and customer d. TQM service. Enables companies to reach customers around the world. e. Triple bottom line 3. Evaluating a company's performance by its economic, social, and environmental impact. 4. Software system that integrates all of a company's functions, departments, and data into a single system. 5. A system in which a company produces products just when they are needed to satisfy needs. Suppliers deliver materials when they are needed to begin production, and finished units are completed the right time for delivery to customers.
1. A philosophy designed to integrate all organizational areas in order to provide customers with superior products and services while meeting organizational objectives. Requires improving quality and eliminating defects and waste. a. ERP b. JIT c. E-commerce 2. Use of the Internet for business functions such as sales and customer d. TQM service. Enables companies to reach customers around the world. e. Triple bottom line 3. Evaluating a company's performance by its economic, social, and environmental impact. 4. Software system that integrates all of a company's functions, departments, and data into a single system. 5. A system in which a company produces products just when they are needed to satisfy needs. Suppliers deliver materials when they are needed to begin production, and finished units are completed the right time for delivery to customers.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Matching business trends terminology
Match the term with the correct definition.
Transcribed Image Text:1. A philosophy designed to integrate all organizational areas in order
to provide customers with superior products and services while
meeting organizational objectives. Requires improving quality and
eliminating defects and waste.
a. ERP
b. JIT
c. E-commerce
2. Use of the Internet for business functions such as sales and customer d. TQM
service. Enables companies to reach customers around the world.
e. Triple bottom line
3. Evaluating a company's performance by its economic, social, and
environmental impact.
4. Software system that integrates all of a company's functions,
departments, and data into a single system.
5. A system in which a company produces products just when they are
needed to satisfy needs. Suppliers deliver materials when they are
needed to begin production, and finished units are completed
the right time for delivery to customers.
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