Business Studies, asked by IshuBisht5636, 1 year ago

\define quality circles.define transfer pricing

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Answered by Anonymous
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●●Quality circles:- Participative management technique within the framework of a companywide quality system in which small teams of (usually 6 to 12) employees voluntarily form to defineand solve a quality or performance related problem. In Japan (where this practiceoriginated) quality circles are an integral part of enterprise management and are called quality control circles.

●●Transfer pricing:--A transfer price is the price at which divisions of a company transact with each other, such as the trade of supplies or labor between departments. Transfer prices are used when individual entities of a larger multi-entity firm are treated and measured as separately run entities. A transfer price can also be known as a transfer cost.

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