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Is management of quality important in a down economy?

Is management of quality important in a down economy?
The correct definition according to quality management software ISO 9000 is: the tqm totality of characteristics a device has and that pertains to its ability to satisfy stated and implied needs. Standards for management systems
A management system shows how the organization manages its processes - or activities - to deliver the goods and / or services that tilfresstiller requirements, such as customers’ requirements for quality, environmental or requirements in the laws and regulations.

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