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Explain about the term Quality in Management.
Quality:
Quality is described as fitness of purpose. It is a relative term and is usually explained along with reference to the end employ of the product. For illustration, a gear used into sugar-cane extracting machine via not of the same material as well as without possessing good conclude, tolerance and accuracy as which of a gear used in the head stock of a sophisticated lathe, might be seem of good quality when it works satisfactorily within the juice extracting machine. Therefore, a component is said to be of good quality when it works well into the equipment for that it is supposed.
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different btewwn cetral and commercal bank
2. What, in your opinion, could be the reasons for different managerial thoughts in this case?
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