Business trends terminology [10 min]
Consider the terms and definitions that follow:
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 |
2. | Use of the Internet for such business functions as sales and customer service. Enables companies to reach thousands of customers around the world. | b. Just-in-time (JIT) |
3. | Software systems that integrate all of a company’s worldwide functions, departments, and data into a single system. | c. E-commerce |
4. | A system in which a company produces just in time to satisfy needs. Suppliers deliver materials just in time to begin production, and finished units are completed just in time for delivery to customers. | d. Total quality management |
Requirement
1. Match the term with the correct definition.
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