Which Action Would Counteract the Tendency for Poor-Quality Products to Drive

question 91

Multiple Choice

Which action would counteract the tendency for poor-quality products to drive out high-quality products in a market?

• A) The increased use of the market to sell products.
• B) The availability of transferable warranties for products.
• C) Less information from the government.
• D) Less information from sellers.
• E) Less information from buyers.

---

Definitions:

Cost-Effectiveness

The measure of how economically resources are used to achieve desired outcomes, often evaluated in terms of the results produced per unit of cost.

Net Monetary Cost

The total amount of money expended minus any financial gains, typically used to assess the total cost of an investment or purchase.

Training Costs

Expenses associated with the development, delivery, and materials needed for training programs, including instructor fees, technology, spaces, and resources.

Return On Investment

A financial metric used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments, often expressed as a ratio or percentage.