Business Studies, asked by umayadav1, 1 year ago

expand MBE, TQM and JIT

Answers

Answered by writersparadise
0

All three terms are related to various aspects of management. Their expansions are as follows:


* MBE – Management By Exception


* TQM – Total Quality Management


* JIT – Just In Time


Management By Exception is related with bringing out key deviations from a plan or budget to the management’s attention.


Total Quality Management refers to the action taken by the management for long-term success through the satisfaction of its customers.


Just In Time is a strategy adopted in inventory maintenance and is involved with procuring the goods for the business only when they are needed for production, thereby increasing the efficiency.
Answered by myrakincsem
0
Well, regarding the business and management the expand form of these will be as :
MBE: Management by exception ( It is actually about the management attention only for the  large and major deviation in the plan or the budget)
TQM : Total quality management ( as the name indicates it is about the quality so it is a approach which is managing the things in order to satisfy the customer).

JIT : Just in time ( It is actually the plan or strategy for increasing the efficiency). 
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