A bill of materials (BOM) shows all of the components of an item, the parent-component relationships, usage quantities, and lot size derived from engineering and process designs

Indicate whether the statement is true or false

FALSE

Business

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Total quality management is an approach in which all of the company's people are involved in constantly improving the quality of products, services, and business processes

Indicate whether the statement is true or false

Business

The pharmaceuticals division of Omni Healthcare holds low market share in a high growth market. In order to increase the pharmaceuticals division's market share, managers would be most likely to decide which of the following?

A) hold the division's share B) maintain the division's relevance to consumers C) use money from a cash cow to promote the division D) sell off the division E) divest the division

Business