Read the following text and mark the statements, (yes) if it is correct and (no) if it is incorrect

"Total Quality Management (TQM) is a management approach focused on long-term success through customer satisfaction. In this system, all members of an organization participate in improving processes, products, services and culture. Unlike temporary reforms, TQM requires permanent commitment, continuous training and teamwork. It is not based on high investments, but on discipline, order and constant feedback."